I'm hoping for a good result from their latest AC & RC drilling. If they have good results in new areas then we will see reserves upgrade and new JORC reserves (and increase in average headgrades). Plant commissioning and first pour will give the market some certainty and derisk this project further and change their status to all important Ashanti Belt Producer but reserves upgrade will give longevity - which is even more important. Most gold (& oil) small caps have been smashed in the last few days, so this is just a short term aberation in the absence of news IMO. Location, location etc
Holding my resolve, and expecting great news. (but this is small cap, high spec, high risk, high reward stuff)
Good Luck All
Maddoc
SBL Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held