Wednesday, 18 December 2013

Junior Gold M&A - Asanko & PMI Gold - On Again? - West African Resources

Back in January we saw this announcement as Keegan and PMI Gold looked for a merger of equals in Ghana.

The merger was abandoned but today Asanko (formerly Keegan), with more financing in place have made another offer for PMI Gold in Ghana.

Following yesterday's posts more news from Burkina Faso
West African Resources acquiring Channel Resources, once a Coffin favourite

And Mark O'Dea's True Gold Mining presents a 43% IRR on low capex with $1250 gold at the Karma project. There aren't many projects with those economics. In this market there will still be a fear of dilution to build a mine, but O'Dea has good connections. Nolan Watson for one is on the board.

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