Good to see the Coy raise $6.9m promptly overnight and together with the $800k due from Riedel Resoures ensures management can concentrate on the current multi target drill program without funding constraints.
Seems further results have been caught up in the lab, which appears to be the norm in West Africa, however more are expected daily and have the potential to completely re rate the stock IMO.
The initial results of the current drill program at Balogo were "exceptional" and possibly the highest ever recorded in West Africa (53m @ 23g) and augers well for further the coming days and weeks.
A few more similar results as the strike length is extended and enlarged could see a target resource of between 1m and 2m ounces IMO.
Looking very good and well placed for upside IMO.
Not ramping - just the facts as I see them.
cash is king
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