African Eagle: News & Discussion

I must admit that it hurts to see the sp falling like this.
It seems over done to me, but I can understand the reaction when considering the "stunning" IP at Ndomba has not translated into good drill intersections.
Looking at the big picture, Miyabi and Mkushi are looking very good. Ndola also shows excellent promise. I know a lot of people will be thinking it's all "jam tomorrow" stuff, but Ouro makes a good point about the advanced discussions mentioned in the interims. A decent deal, good news from Kakumbi/Lunga, and/or good results from the new RC rig at Miyabi along with a leap in the JORC figure are needed. If we don't see some of these things by early new year I can see us sliding further, which is bad news in terms of raising more funds next year.
The recent "valuation" of 55p does seem a long way off at the moment, but I still remain optimistic.