Any project that gets to the development stage in Eritrea will need to be given 40% to the govt so it will never be 100%. <-- Not true at all.
The stock was at 26-27c before any announcement and since then, gold and gold stocks have been smashed. it would prob be in the low 20s right now.
With all due respect, I think you know very little about the management and your outlook is too short term. Let this news sink in and let the markets (and gold stocks) recover and I think we will see a move back to 30c+.
mogoraib north project - the new bisha?, page-4
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