A little ahead of itself Straight up disclosure: I am neither long nor short this stock but did make good money on it in the past, I would only consider buying it when stability returns to Mali.
The posters on this board have all been sunshine and puppy dogs since the French landed but be careful.
The stock has had a good run and if you made money take it off the table.
This is going to turn out to be a long affair and any westerners will be bait for Islamic extremists in Mali.
The French Government is too broke to get into a long affair in Mali and the USA will not have the political will to get involved in another affair in far off lands.
If you are under the impression that managment is going to hop a plane and start working a property in the middle of Mali without their own mini militia, think again.
Here is a head line from Canaccord this afternoon.
Escalation in northern Mali conflict
Geopolitical risk once again emerges as the conflict in northern Mali in Islamic extremists has led to the intervention of France at the request of Mali's interim president. The West African nation of Mali is one of the top 20 gold producing nations globally and the third largest African producer after South Africa and Ghana. Principal concerns for the mining companies operating in the country, predominantly in the south, are safety, security, and logistical disruptions. Until the situation in Mali normalizes, investors should expect elevated risk premiums for companies active in the West African nation.
It is fair that the Exchange asked for clarification on the price run up.
If all the posters here think this is going to over in a month or 2 I guess you forgot about Iraq and Afganistan already.
Good luck to all on this one.