The market is waiting for an announcement before the share price can go much higher.
So what would be the effect to the sp of any of the following announcements
1. Confirmation of the mining convention by the Burundi govt.
2. Share placement to a large investor / financial partner at $1.00
3. Joint venture partner by one of the majors.
4. All the above at once
What would be the possibility of all three being made known at once in one announcement?
Early indications by the md screen are for a slightly lower open but I would expect that to change as the market is anticipating an announcement this week prior to the AGM on Friday.
effects of announcement
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