RE:Barrick Buying In This is exactly what most juniors need to give them the "big stage exposure". Not only is this money in the bank, future long term royalties [10 years +] but it is more importantly, the voice of a gold giant indicating thier very high confidence in this overall property holdings by Tembo. This deal will be read over by many analysts because of the player and Tembo will be all over the news as well.
The core assets is what will be brought into the limelight , great property beside the golden elephant held by Barrick. Imagine a struggling company holding this ground for over 10 years. Most if not all would have bailed and sold out a long time ago for short term profits. Tembo held in there because of the amazing results back in 2012. They have sat idle for that time and I will bet that Barrick was trying to play the waiting game to get this ground as soon as it came up. It never did and KUDOS to the managment team for sticking it out. What we dont know is what Tembo knows, that has caused them to hold for so long. 98M in shares is low, money in the bank is good for further exploration and the spotlight on these core assets is remarkable.
Glad we are all share holders and this is not the time to sell but hold and wait for what should be very postive news over the next 3 - 6 months. Institutions will be looking at this now for an easy in and most probably and easy gain. Hello Mr. Sprott , just say'in !