Your guys ears must have been burning or something ... Excellent...

Your guys ears must have been burning or something ...

Excellent announcement today IMO with the purchase of Seguela by NCM.

A$4.4m additional funds into the coffers and a 1.2% NSR retained which, given NCM's purchase of the permit, indicates that it might one day be worth something.

I don't think that the market was valuing Seguela at A$4.4m + 1.2% NSR in AOP's EV so that is good.

It also allows a lot more exploration at Boundiali and Rebecca before dilution of shareholders is required.

So A$8m in cash and an EV of A$16m for Rebecca, Boundiali and Korhogo. Seems like value to me.

In addition with all the other stuff going on Cote d'Ivoire by other companies, it shows what a ground rush is occurring there at present.

Cheers
John