This company represents all that is wrong with junior sector in my opinion. Market cap of 2m and cash poor, the CEO getting 250k per year (who isn't a geo so where is the value add) and all the directors (despite taking shares instead of cash fees) have side companies providing related party services to the company.
Funnily enough, their best project now, the Datlaa gold project was not discovered by them, but instead they get the Tanzanian ministry notifying them of artisanal gold miners on their tenement (which they were hopeful held uranium).
Small amount of respect now kirtlan and co on board but they prob just smell some potential to drill up Datlaa and increase mkt cap and perhaps on sell the project a bit like aviva did with gold projects to abg.
Artisanal miners are after all the the best geologists! Some potential in q2 for exciting news, though would be more luck than good management
EAF Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held