Back in January we saw this announcement as Keegan and PMI Gold looked for a merger of equals in Ghana.
http://juniorgoldminerseeker.blogspot.co.uk/2012/12/gold-junior-merger-keegan-and-pmi.html
The merger was abandoned but today Asanko (formerly Keegan), with more financing in place have made another offer for PMI Gold in Ghana.
http://www.bloomberg.com/news/2013-12-17/asanko-gold-to-buy-pmi-for-173-million.html
Following yesterday's posts more news from Burkina Faso
West African Resources acquiring Channel Resources, once a Coffin favourite
http://www.westafricanresources.com/images/pdfs/WAF_9122013.pdf
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.
http://www.truegoldmining.com/news/true-gold-announces-positive-feasibility-study-karma-project
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