Major talent, major validation

Wow. That certainly came from nowhere!

Former board member of MNS resigning yesterday to take on the chairman’s role at MOZ.

Firstly, what a validation for what MOZ is doing. Steve was a founding director of MNS so he’s been there from the outset and a long time. From what I can see he was a critical part in what they’ve achieved in a short period of time.

For him to have “jumped ship” there’s no doubt in my mind he’s had a really good look at what MOZ has discovered behind the scenes and obviously likes what he has seen.

IMO you don’t leave a company you’ve been involved in from day 1 which has been tremendously successful to go to a rival, smaller company “next door” unless you think that the product they are offering is as good (or even better) than the product you have in the first company and secondly from a listed perspective that the leverage multiples in the company you go to is better. If your upside was the same you wouldn't change.

MNS has been the pioneer/trend setter and star performer in Tanzania and all of us who are invested in the other “plays” in Tanzania have hoped to emulate what they have achieved.

This is massive validation for mine and I would suggest that the coming news relating to flake size and distribuitn and the maiden JORC resource is going to be stunning. There is no way know that this guy would have made this move only to annouce something that will disappoint.

MOZ is clearly a massive “buy” for mine here and now. Steve has just given us all the big “heads up” on that and made a major statement that this is clearly undervalued and that there is major upside to come.

GLTA.

sK.