We are still awaiting news on the President's signoff of the ZVP...

We are still awaiting news on the President's signoff of the ZVP Zimbabwe licence, as the final approval subsequent to the Minister's approval.

This will be big news for OMC as it will complement on each side of the Mozambique border the Mozambique part of the ZVP they already hold and which is very prospective.

The more I think about it the better OMC looks, apart from the inexplicable behaviour of the directors which normally would be a bad sign. But everything else points to a viable project and there is clearly plenty of exploration upside and possible synergies with EVE on the 5m lb Njame deposit of similar type and grade just up the road. The buy-in of the two funds during the takeover period is a big tick I would say - they wouldn't waste their time with hundereds of U juniors around to throw money at. I remain at hold awaiting developments in the near future.