OKU discussion, page-22

Good to see @mowibble dealing here and providing some good insight.

@copperroad I remember the PIR story well, had played it for a number of years, finally to buy back in on the day before the lackluster takeover bid was made by B2gold. It was such a shame that the Fekola project was taken over at a very modest premium during a time of weak gold prices. One can only imagine what PIR would of been worth with the project in production.

Mali isn't for the faint hearted, I remember PIR trading - 20% whenever a military cu was on, to then recovery once things settled down. Elephant country vs unstable regime, the risk v rewards is soo tasty..

It looks as though the insto buyers are back on the buy side over the past few days. The company is cashed up, with the OKUO's well in the money now, although not that many around as it's only worth an extra $1.75mil upon conversion of the $0.125 strike.

With gold looking to have found a bottom overnight and further drill results due over the coming month, this should bode very well for OKU, if they can deliver on the early stage results to date a further re-rate will be on the cards, with a current market cap circa $60mil.

Switched out of the head stock into the options this afternoon and chipped up further, happy to take the position as they are well in the money and not trading at a premium.

Interesting to see this story start to filter out to wider networks in the broker community, never a bad thing.