On AIM up 60% since 1 December
On ASX up 40% since 1 December
On AIM up 35% since 1 January
On ASX up 20% since 1 January
Some possible reasons why:
1. Have they found a JV partner to develop their Tuli Kapi project?
2. Are the Tuli Kapi up-drill extension assays about to be released and are they positive?
3. Has the drilling activity increased the Tuli Kapi resource from 650,000oz to over 1 million ounces?
4. Due diligence has been carried out on the Swaziland project with a view to sale/JV. This process was underway in November 09 and may be coming to a positive conclusion
5. They may have found a Ni ore body at the Muremera Nickel project. In November there was a backlog of assay samples. Given this was two months ago, are these results imminent and are they positive?
6. Alternatively they may have an interest buyer for this Muremera deposit
7.Given all of these prospects, is there a TO brewing for the whole company?
I suspect that much of the above will be covered in the quarterly, if not announced sooner.
The above, are personal speculations and are based on publicly available information only
On AIM up 60% since 1 DecemberOn ASX up 40% since 1 DecemberOn...
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