The name of the company is Avesoro Resources, with the ticker ASO on both AIM in London and TSX in Canada. London is the primary ticker right now, much more volume. Here is the website: http://avesoro.com/
The flagship mine is New Liberty, a turnaround from the disaster with previous operator Aureus. There is another mine in Liberia and others in Burkina...all currently under the private holding company, possibly being moved into the ASO publicly company soon. A lot of work needs to be done before I really get interested in buying shares...but it's absolutely worth researching/following for sure, not a well known company at all.
On the sell-off: Yes, it's possible the 'visuals --> no sulphides' effect is happening as you explained. I took a good amount of profits around 0.16-0.17 AUD...I am ready to buy back some of those shares, but not rushing.
Most important thing for people to think about is whether they care more for the Australia drilling, the CDI drilling, or both. Some people are mostly playing Australia/Rebecca...but the only reason I got really interested in this play is for CDI. That might take a few months to get attention again, since the rainy season is just ending in the next month or so. I'm not sure how much this could fall if these Rebecca results are really disappointing...but I'd say that's the main opportunity to look at here. At the same time, I am hoping this is just some nervous selling, and Rebecca potentially starts to build a high-grade resource next year.
Anyway, I'm happily still holding quite a few shares of AOP, for the possibility of multiple scenarios to emerge.
MBG
AOP Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
