RE:Senegal resource keeps growingGreat interview with Segun mentionning some very interesting key points :
1) Ramp up to commercial feeding is progressing very well with no red flags, so commercial production starting next week.
2) Results of drilling in Nigeria (10 000 meters, 1M$ cost) shall be released in second half of September or first half of October (depending of the end of the rainy season (for which Segun is being quietly optimistic)
3) Results of drilling of the maiden resource in Senegal in September. It doesn't seem to be Segilola mineral reserve quality, but onces for onces, there's seem to be an awful load of gold there.
4) Re-rating of the share price is inevitable as they keep closing miles stones. I like to refer myself to the Hannam Partners share valuation, as it gets more accurate, weeks by weeks (so a rerate would be more likely to happen until December, to 80 cents a share).
For my part, I got concerned with the recent drop in the share price and my research got me to the boat load of warrants that were to expire as at August 31th 2021.
1.4 million of those 44M warrants have been exercised around 18 cents and dumped into the market, which lowered and kept the share price around 28 cents since then. I am still concerned about the rest of the warrants expiring by August 31th 2021, and what kind of effect on the share price we should expect.
After that, heavy numbers of options (9M) at 13 cents could be exercised before Jan 2022 could also hurt a bit, but less of a concern for me.
If anywone wants to share some infos or thoughts about this, it would be highly appreciated.
Until then and other than that, well, this company's future is looking very, very promising.
GLTYA
Goldenboy
https://ceo.ca/@sflive/the-worlds-latest-gold-producer-thx