Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Sarama Resources Ltd V.SWA

Alternate Symbol(s):  SRMMF

Sarama Resources Ltd. is an Australia-based gold explorer and developer. The Company is focused on establishing a new mining district in Burkina Faso. The Company’s Sanutura Project is located approximately 350 kilometers (km) southwest of Ouagadougou. The Project covers approximately 1,454 square kilometers (km2) of prospective greenstone terrane. The Company holds approximately 17.52% holding in Joint Venture BFI Inc., which holds the exploration and evaluation asset pertaining to the Karankasso Project in Burkina Faso. The Karankasso Project is situated 130 km southwest of Endeavour Mining’s Mana Mine, Fortuna Silver's Yaramoko Mine and approximately 60 km south of Endeavour Mining's Hounde Mine. The Company also has an 80 % interest in the Cosmo Newbery Gold Project in Western Australia, and consists of seven contiguous exploration tenements covering approximately 580km2 in the Eastern Goldfields of Western Australia, 85km north-east of Laverton and 95km west Gruyere Gold Mine.


TSXV:SWA - Post by User

Bullboard Posts
Comment by ukermannon Jan 24, 2018 8:32pm
88 Views
Post# 27428333

RE:20 cents end of January

RE:20 cents end of January Lots of volume going down today, million shares between the Venture and OTC exchanges. I suspect Barrick will be addressing the Acacia situation in their upcoming quarterly report and conference call. I suspect Acacia won't be funding their share of the JV, and may be forced to withdraw. Question is, can they sell it? Transfer their interest to another party who might be interested in consolidating the area? There's a number of mid size producers in that area that might be able to cobble together the various projects into one main operation. A guy like Nordgold comes to mind. Already well established in Burkina Faso, their hitting a bump in their partnership with Columbus in French Guinea, meaning if they go thru with that development project it's going to need time. Local opposition, etc etc They're very frugal, they like to move quickly without partners, and know who's who in BF. Might be another sweet deal for them.
Bullboard Posts