Not Africa then which is a change and could be interesting given that the market for consumables must be quite a growth market in India. Acquisition being considered so it may not be too long before we have a result.
We can expect news in the next couple of weeks or so. The year ended in Dec so the Accounts need to be out by the end of June. Also an update on any RTO can be expected. Let's hope Clarke and the team have something decent lined up.
I would note that the new CEO says that he looks forward to helping the company progress in its "imminent next phase". I'm not sure how soon "imminent" is but I would suggest that the company must be expecting to make a significant announcement about its existing resources or an acquisition no later than the new year, so I look forward to that as a catalyst for greater interest in the company.
The board announced today that it knows of no reason for the share price increase. I would suggest that it is simply a matter of more people cottoning-on to the fact that Mr. Clarke, with his excellent track record and conservative approach, is leading (from a strategic viewpoint) this gold company and the fact that the company has announced that it may be involved in a reverse takeover in the future. All this has of course been helped by the reviving gold price. I guess investors are investing on the basis of the quality of management, existing resources, potential for corporate activity and relatively small market cap. At least, that's why I invested (and also invested in Mr. Clarke's other resources ventures).
Pleased to see the share price up over 10% at the time of writing and I notice that there was about £5000 of trades today at over 40p. If the company or its advisers read this please could I ask you to update the "Board and Management" section of the corporate web site as it still shows David Pearl as chairman and several other people who I thought had resigned some time ago. Out of date info creates a bad impression for everyone including potential partners. Thanks.
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