Ann: Drilling Confirms Very High-Grade Bauxite, page-110

I'm not sure whether I would call it exceptional resources. We all got a bit too excited, but the market might be right.

The resources were known to bigger firms before, and none of the big boys decided to drill there. Yes, they are decent, but this is Africa. The presidential election was postponed 3 times. Guinea is on the verge of the civil war, and if a new president is elected, who knows what happens to the deal. It's common that in Africa, you only make deals with people at the top. The bigger firms, then Lindian lost plenty of money.

So will they find a buyer for what they have? Who knows. Resources are decent but not great. Someone needs to do the math. In my opinion, if the court case in Mali is lost, the shares will take a second hit and will come down to mid-10s.

The real value of the company won't be affected, but holders will panic further.