Great buying here..I've been adding the last few days:
Oklo Resources attracts a new bull in Canaccord Genuity, which notes the Africa-focused gold explorer is operating in an M&A hot spot. Canaccord starts Oklo, owner of the Dandoko project in western Mali, at speculative buy with a A$0.50/share price target, almost double Monday's close at A$0.255. "In our view, Dandoko's prospectivity and proximity to two production centers at Fekola and Tabakoto highlight potential M&A appeal," the investment bank says. There have been more than a dozen deals for assets or company takeovers in the West African gold sector since 2019 and Canaccord expects "to see ongoing M&A in the region as a recurring theme during this current cycle." It's notable that Resolute Mining owns 8% of Oklo, the bank adds. ([email protected]; @dwinningWSJ)
OKU Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
