Ann: Manas to Acquire 6194 sq kms Ground Position in Cote dIvoire, page-60

Who cares?

Fundamentals will drive this a lot higher based on managements ability to demonstrate the underlying value in the landholdings.

RSG’s exploration function has been very minimal. They have spent more than ten years under the same team in Côte D’Ivoire and have failed to add any value whatsoever. Maybe through under investment or a lack of luck or maybe they are not very good? Or the ground is actually crap?? Either way the bit is now in the teeth for Justin and his team to demonstrate that the ground actually has value and has been hidden under the RsG teams control.

Personally this is a high conviction play given the background of how this has come together and the management.

Post consolidation the sp may dip further and this will be an opportunity to accumulate.

If the ground holds a resource that supports a project then Justin could have this above 60c IMO.

Here’s hoping!

Good Luck!

J9