Sarama Resources is being touted as a mis-priced litigation play.
But a little research revealed the company has put together a Western Australian land package and its recent private placement is meant to fund a drill program.
More work is required but there may be something here worth putting money into. Sarama goes onto the watchlist.
As a shareholder, I’m not complaining about Kingfisher Metals 25% move on Friday. Work continues at HWY 37, but I didn’t see anything other than steady and methodical progress. That said, if full disclosure and not treating shareholders like idiots is going to improve cost of capital for explorecos, I’m all for that. Hopefully this is a trend that can catch on.
South32 has terminated its earn-in agreement on the Don Julio project with former portfolio holding Sable Resources. After a questionable royalty sale to OR Royalties earlier this year, Sable is cashed up and moving forward with unlisted Moxico Resources as its new partner on two other San Juan properties.
