It has been a good few weeks for Anglo in terms of share price, hitting a multi-year high. This would have been a reasonable valuation at the end of 2019 from the drill results that had been released in 2019. No doubt, the board issues at the end of the year took this shine off the results and hindered the share price. But this also meant that Anglo share price held up reasonably well during the market turmoil of Feb/March which indicates strength and support of the share registry. Having the MD put in $250k at the recent cap raise should have also provided a level of confidence for investors.
With the cash raised, Anglo increased the drill program of 27 remaining holes to 47 holes. That they have increased the drill
program is positive and exciting to improve understanding of the gold resource and also looking to see the extension.
I am eagerly waiting for the quarterly report for any interesting info and also the drill results. Hope we don’t have to wait too
long
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1 | 500000 | 0.099 |
1 | 5816 | 0.098 |
1 | 52083 | 0.096 |
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Price($) | Vol. | No. |
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0.115 | 110000 | 2 |
0.120 | 479246 | 6 |
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