MSR languishes at around cash backing with 9mil in the bank and a loose plan to do some drilling in Côte d'Ivoire.
Meanwhile, during the week A1G raise 4.5 mil to drill in Côte d'Ivoire and is now trading at 4x cash backing when the costs of the IPO are taken into account.
Difference probably is that the market believes management will hit the ground running and there will be plenty happening at A1G in the short term.
It’s about time the MSR team get the finger out and start making some progress, show the market that they are serious about becoming a successful explorer in Africa!
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