They pushed the exploration program back! It was supposed to start ages ago.
"The work program targeted at expanding the potential deposit area around the key Nyakafuru Reefs gold deposit (Figure 3) will commence in the September quarter with soil sampling and ground magnetic surveys proposed over the adjacent reefs outside of the currently defined deposit."
This as well. Glad I got out. I might buy back in next year. They've got some bloody good ground.
"Initial reviews of this legislation indicate that while it will have a limited direct impact on companies conducting exploration activities, it is likely to slow the finalization of the VGP transaction while a new Mining Commission tasked with overseeing issuing licenses is formed. It is expected this process will be finalised by November 2017. Any ongoing impact of the legislation on project developments such as might exist within the VGP area will remain unclear until detailed regulations are developed which will be used to back-up the new legislation."
MSR Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held