Your guys ears must have been burning or something ...
Excellent announcement today IMO with the purchase of Seguela by NCM.
A$4.4m additional funds into the coffers and a 1.2% NSR retained which, given NCM's purchase of the permit, indicates that it might one day be worth something.
I don't think that the market was valuing Seguela at A$4.4m + 1.2% NSR in AOP's EV so that is good.
It also allows a lot more exploration at Boundiali and Rebecca before dilution of shareholders is required.
So A$8m in cash and an EV of A$16m for Rebecca, Boundiali and Korhogo. Seems like value to me.
In addition with all the other stuff going on Cote d'Ivoire by other companies, it shows what a ground rush is occurring there at present.
Cheers
John
AOP Price at posting:
15.5¢ Sentiment: None Disclosure: Held
