The news release put out Friday night from Kamal Alawas-President that said all paper work was in to the exchange for approval.
Looks like the market was waiting for some sort of positive update.
Let's hope the exchange has a quick turn around with the approval and then we will see Sidon move aggressively on the project complete with drilling plans.
Tanzania has a lot going for it in the gold mining industry and is only going to get better.
The government encourages gold mining and 5 of the majors are in the country doing
business already and are producing approximately 11 million ounces a year if I remember correctly.
I picked up a few more share this morning and averaged down.
IMHO any price under .10 cents from here is a steal and I think when news is released on the approval from the exchange we will see a double in a heartbeat.
mintaka