Club Mulgoa

Wednesday, July 04, 2012

PIROA

My average buy price for PIROA is under 20c.  And today, after a good maiden resource announcement at just over 3 million oz of Au, its share price jumped.  In Dec 2012 if Mali is not overrun by Islamists or the country does not crumbled into a major civil war, then the share price should fly.  And the exploration has only covered a small area.

Is it too late to buy now?  Inshallah!  This is not a stock that I have only just recently talked about!  When the military coup first occurred recently, the share price came tumbling down.  The only good news is the tenements are in West Mali.

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