Re-reading the last ann I can't help but think this could be a decent area. Long way to go of course but 10 baggers happen. "In December 2013 Oklo completed the acquisition from Compass Gold Corporation (TSXV: CVB) (“Compass”) of 100% of the shares of Compass Gold (BVI) Mali Corp, a subsidiary of Compass which holds 100% of six gold projects in Mali, West Africa , covering 1,138km 2 over some of the most prospective Birimian Greenstone terrain in South and West Mali. ? With this acquisition and its existing Malian gold assets Oklo has been transformed into a major explorer in the world class Mali gold province. ? Immediately on completion of the Compass transaction, the Company commenced its initial drilling campaign of the Dandoko project. Five RC holes totalling some 1,364m were completed prior to the holiday break. ? The initial results of this drilling were released to the ASX on 22 January 2014, which revealed significant wide, strong gold intersections at two prospects (Disse and Diabarou) within the Dandoko project, which are considered to be significant early discoveries of new wide gold zones, warranting immediate follow-up. ? Concurrent with the acquisition, the Company entered into a mandate for the placement of securities to raise up to $1.5m. At 31 January 2014, the Company has placed 221,000,000 ordinary shares at $0.005 to raise $1,105,000 before costs, with a further $ 395,000 before costs available to be raised under the mandate by 28 February 2014. ? The drilling program at Dandoko resumed from the holiday break on 20 January 2014 with further results expected to be announced in February 2014."
OKU Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held