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Handeni Gold Inc HNDI

Handeni Gold Inc. is an exploration-stage company. The Company operates through the acquisition and exploration of mineral properties segment. The Company's principal business is the acquisition and exploration of mineral resources located in Tanzania, Africa. Its principal area of focus is the Handeni Gold Project located in the Handeni district, within the Tanga region of the Republic of Tanzania in East Africa, in which it has interests in mineral claims through prospecting licenses (PLs) and/or primary mining licenses (PMLs). The Handeni Gold properties lie within the Handeni artisanal gold mining district, located in Tanga Province, approximately 175 kilometers (km) northwest of Tanzania's city, Dar Es Salaam, and about 100 km southwest of the more northerly coastal city of Tanga. The total area held by the Company in the Handeni district is approximately 236.65 square kilometers.


GREY:HNDI - Post by User

Bullboard Posts
Post by JJ40on Feb 17, 2012 6:28pm
141 Views
Post# 19552458

Perfect Timing?

Perfect Timing?

I am getting the feeling that delaying of the assay results may lead to a situation where news and progress of our projects should flow with little delay.  If memory serves me correctly, the "normal" rainy season runs from April to June-ish.  That would halt work on the ground.  IMO, based on what we know with a sprinkle of logic, over the next few months we can POSSIBLY look forward to:

- a new website (not a big deal, but a nice reference point for new investors)

- more data from electromagnetic survey?

- 1st round of results from Magambazi

- 1st round of results from Kwandege

- project updates/progress on Masala

- creative fundraising effort to begin phase 2 this summer

- any other suprise developments.  Mkuvia?

Then phase 2 should begin this summer with the hope of results in late fall/early winter giving us a better outline of the potential mineralization.  I will save myself the embarassment of SP predictions but I think that we may see sustained momentum.  I know that a few of us talked about selling in May (or April) and coming back in September but that will be hard.  I don't see this year's market following trends of the past giving our unique global financial situation and elections here in the US.  How much lower could we go?  I mean, we could take a 50% hit and fall back to .07 but that's not a big deal because it could be made back in a day or two, considering the projects are economically viable..  Your thoughts?

Have a great weekend and observance of Lincoln and Washington.

JJ

 

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