Gold Exploration in West Africa

[FL]

I admit, Investika stock's also way up, (percent).

Investika (IVK on Sydney ASX) doubled during February and early March -- from 1.6 cents/share to 3.2 cents/share; that's in the Australian dollar, which itself has risen against most currencies.

Among other mining claims elsewhere, Investika claims an interest in the well-situated Subranum gold property in Ghana, along with Cambrian Mining PLC (CBM in London). The actual quality, and ownership provenance (see my messages #620 and #622 here), of this Subranum property are mysterious. It might be good, if earlier trench and drill reports were in fact sound (rather than just naive, incompetent or hyped).

Investika has issued a huge number of shares over the years: Dilutions "R" Us. Stock in its partner at Subranum, Cambrian Mining, has done extremely well in London (more than quintupling) in the last year, but this is probably due entirely to Cabmbrian's coal and energy delivery businesses (or its Australin gold operationi too), not Subranum.

Investika's mere-stub website http://www.investika.com/ has (as of today, March 11, 2005) been "currently under development" for quite a long time with no other signs of development.

FL