This looks like a typical case of bad luck in exploration.
They were doing the right things, testing down-dip for extensions, building the picture and now it looks partially closed off. This shoot could pinch/swell and repeat down-plunge, so if i was them i would do some serious step-out drilling at 100m centres to see if they can jag the next swell and then focus on that.
Looks like they might have around 300 KOz here already at some nice widths, so things aren't looking too bad. If they can find another pod like this in the top 500m they could be onto a winner.
Plus the Ivory Coast tenements i think these guys are on the right track. Perhaps not for your short-term trader, but medium-term, things still look good. I'm holding.
AOP Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
