You could be right. ADU are no fools. Their acquisitions are the most breathtaking I have seen for some time:
"The Anwia Acquisition will see Adamus take control of a mineral asset that possesses a number of important attributes including:- • A reported indicated resource of 222,000 ounces located less than 11kms by road from the Salman Gold Project; • Immediate drill targets both along strike and down dip at the Anwia deposit; • Immediate exploration drill target at both the Tommy and Mark prospects; • A number of priority exploration targets situated throughout the highly prospective 33sq km land package". _______________________
Comment: That was resolution 1 and is being carried out. Presumably, they will be starting to drill soon at the Aniwha deposit and then start mining.
Then the next acquisition is stil to come. It has been approved by shareholders: _____
"The Additional Tenure Acquisition will see the company take control of a strategic land package providing Adamus with numerous exploration opportunities including:- • Access to the immediate northern and southern extensions of Salman increasing the strike of the Main Salman Trend from 4.8kms to 11kms; • Extensive and untested soil anomalies extending over a combined strike of 2.3kms; • Multiple exploration targets extending over a further 3kms of strike; • Control of the Akanko gold mine, an historical gold mine which has never been tested using meaningful modern exploration techniques; • An additional 91kms of tenure within the highly prospective Ashanti Gold Belt ________________________________________
Canadians of course appreciate a pro-actice company and once there some strong Announcements, listing there is a strong possibility. The Ashanti Gold Belt does not need a recommendation:they will know this outstanding gold producing region.
What we do need now is some time. I do think however there is plenty of room for Announcements.
MAP of existing and the acquired areas: http://stocknessmonster.com/news-item?S=ADU&E=ASX&N=245066
Information on ADU: http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=75168&sym=ADU&MSGNO=198683#198683
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
ADU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
