The deeper diamond-drilled holes due for reporting from Kollo South may show some decent results but probably the best hope is for the virgin ground at Kollo Hill to come up trumps. The previously drilled areas have so far shown small pockets of high grade gold but have failed to highlight a minable resource. Perhaps KH can be different.
Just to correct one thing. The March SPP wasn't 'done at a premium', since the prevailing SP at the time was around 1.6c, though the announcement initially sent the SP up as high as 2c. However, it is true MQG and ASL took shares in lieu of cash.
Pre-open, it appears shares are still in demand this morning. I don't get the feeling that the SP is going beyond 1.2c until the company announces something good, though, but I hope I'm wrong.
wake up, page-27
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