Ann: RC Drilling Underway at Trench Zone Discovery - Cote d'Ivoir-AOP.AX, page-22

Your guys ears must have been burning or something ...

Excellent announcement today IMO with the purchase of Seguela by NCM.

A$4.4m additional funds into the coffers and a 1.2% NSR retained which, given NCM's purchase of the permit, indicates that it might one day be worth something.

I don't think that the market was valuing Seguela at A$4.4m + 1.2% NSR in AOP's EV so that is good.

It also allows a lot more exploration at Boundiali and Rebecca before dilution of shareholders is required.

So A$8m in cash and an EV of A$16m for Rebecca, Boundiali and Korhogo. Seems like value to me.

In addition with all the other stuff going on Cote d'Ivoire by other companies, it shows what a ground rush is occurring there at present.

Cheers
John