RE:WHYDiamondsforwife wrote: I can't believe that co don't know why it took a jump, can you?
Because V.AAN has nothing to do with the find, it was the state governmet that put out news.
V.AAN was just mentioned and is 1 of 2 companies that has a mining permit in Egypt.
Egypt’s Ministry of Petroleum and Mineral Resources revealed on Tuesday the discovery of a gold deposit with estimated resources of 1 million ounces.
The asset was found in the mineral-rich Eastern Desert, on a mining concession run by state-owned Shalateen Mining Company
It also said that Shalateen and the state regulator, the Egyptian Mineral Resources Authority, would form a new company to develop the deposit.
So, a lot of people jumped the gun by not reading the news release properly, and bought some shares while there was no material change unaware on Aton's behalf.
I believe this is going to be the company for Egypt that was said to develope the deposit.https://www.shalateenmining.com/
JMO, GLTA...