Sandy, a big sleeper imo. Do you agree there has been some hesitation to push this one too hard until we get some clarity about the Sabodala aquisition? I was intrigued that the company never announced a purchase price or terms of the agreement and when I quizzed them management were deliberately vague about the details, citing the usual disclosure obligations. I have been buying a few regardless but let up the last couple weeks as the price has got away a bit. Still hold quite a few though.
I did however get the distinct impression Sabodala will be spun out into another vehicle as a company of MDL's size would be stretched to oversee 2 projects of this size into production. Besides the lack of synergy between a min sands and gold project is significant in terms of technical staff mets, engineers etc required. 2005 will be an interesting year for these guys I'm sure
BMX
bemax resources limited
