The entitlement issue is a masterstroke, enabling shareholders to increase their holding in what is a world class project, while sending a powerful signal to potential bidders that the true value of the company is way above the current sp.
All of the geologists I have spoken to agree that Natougou is likely to get materially bigger in size, possibly as big as 5m oz, given the open strike and very high soil anomalism.
When the sp is $1.00-$1.50 in 6-12 months time, it won't come as any surprise to this shareholder. It's as plain as day.
OBS Price at posting:
63.0¢ Sentiment: Buy Disclosure: Held
