In its not ice of meeting the company states "The Company is...

In its not ice of meeting the company states "The Company is currently in early stage discussions about the disposal of its gold interests in Burkina Faso. These negotiations not have been concluded and remain subject to commercial
confidentiality.

How can the company be in negotiations for sale when drilling and assays have not yet been completed to establish the full potential value of the tenement.

I believe that Jackhammer Hill is contained in this tenement and the bonanza assays are contained therein. BOE currently holds a 51% interest which reduces to 30% when drilling is completed with an obligation to sell a further 10% to its joint venture partner for $2.5m. Unless the negotiations are with the joint venture partner, they cannot be finalised until the terms of the agreement are met and at that stage there may only be 20% left to sell to anyone other than their current partner.

Such a position does not allow for any bargaining power as the joint venture partner is performing the drilling operations we are reliant on them providing the right information. They could easily drill in a position that will give them the best results to acquire the tenement from BOE even if they know that better results can be obtained elsewhere but that would then cost them more to buy.

Further results fro Jackhammer Hill are surely imminent as the last results were announced more than 2 months ago at which time some assay results were awaited. Surely much more drilling work should have also have been completed since then.