BOOM! Junta agrees to ECOWAS 12 month transitional phase.., page-9

Every investor knows what is Africa like, however, that had not stopped RSG share price to be above $2 not long ago. It also did not stop PRU to climb from 35 c to $1.50 at some stage. I agree sovereign risk discounted a lot of gold miners’ share price in Africa but it should not be to such a degree. I call this manipulation for accumulation by big players, especially when you have Goldman Sachs is calling for a target of $1.70, the company is operating as normal even with COVID-19 and the current coup. I guess we have been through this before in 2012 coup and terrorism, however the big players France and UN are keeping the Centre and south of Mali safe and this is what matters since the mine is in the south eastern part of the country hundreds of miles away from all the action.

I am comfortable to see great value in RSG, great assets, heavily discounted and the game change would be when the power grid is showing a material benefits with significant cost reduction. The fully automated Syama underground mine is a huge advantage especially if COVID-19 persists with no successful vaccine. JW has a vision and ahead of the game. Time will tell and for know enjoy the opportunities.

We could potentially see $1.30 plus this week.

Good Luck All.