Looking great - got my attention today & I'm in.
The spike in November was on the back of the Tanzanian issue being sorted out & it has had the subsequent consolidation required.
Today IMO we are at the beginning of a large re-rate which should ensure it breaks a multi-year basing pattern (with the first trade at 0.008 being today or tomorrow).
At 0.006 the EV is 4m & it will begin to get on the radars of many given its nice leverage to Gold & being so cheap.
Finally, I like that we have the MD of Tawana Resources - TAW - (Mike Calderwood) on the board of directors. The success he had over there should attract investors / money to this cheap gold play.
The fact that they say in the ann "Review of other mineral opportunities ongoing" as a bullet point isn't going to hurt either as they have $10m in the bank which is an absolute war-chest at this end of the market!
Throwing a potential cobalt or lithium asset in to the mix is also a possibility as Mike had his success with lithium!
As part of my DD - I put together this research below for anyone interested
https://hotcopper.com.au/threads/sh...971308/page-184?post_id=30498514#.WmajXmcViJA
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- Ann: Manas to acquire gold projects in Cote d'Ivoire
Ann: Manas to acquire gold projects in Cote d'Ivoire, page-31
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Last
32.5¢ |
Change
0.005(1.56%) |
Mkt cap ! $243.9M |
Open | High | Low | Value | Volume |
32.0¢ | 32.5¢ | 32.0¢ | $87.16K | 269.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 47111 | 31.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 38152 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 47111 | 0.315 |
7 | 217999 | 0.310 |
6 | 164272 | 0.305 |
10 | 334040 | 0.300 |
2 | 41501 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 38152 | 1 |
0.330 | 22780 | 1 |
0.335 | 2506 | 1 |
0.340 | 32670 | 1 |
0.350 | 193184 | 4 |
Last trade - 15.47pm 04/10/2024 (20 minute delay) ? |
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