IAMG (Canada) have offered a t/o valuing GGN @ 46c per share a 40% premium according to ASX ann.
2 of the majors have recently checked out the ADU project in Ghana.'We' await further developments.If the 40% premium was applied to ADU it would be $1 & another plus is gold is on the rise.
The ADU share price has gone from around 45c to about 60c since the nextdoor t/o was announced.Gold price notwithstanding it was in oversold territory.
from a previous post
This is rather positive for ADU in Ghana.
- the owners of the ground next to ADU in Ghana have just been taken over by 'merger'.
Golden Star resources to acquire St Jude Resources for US$118.
St Jude have 15.1m tonnes measured & indicated containing ave grade of 2.71 grams per tonne for contained gold of 1.3m ozs.
ADU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
