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MU_Redskin1

12/08/17 6:16 PM

#21034 RE: ferab #21033

The Chinese have invested heavily in Guinea. Mining, railroads, hydro power, roads, highways and bridges.

I see the investment in HDYN as a positive. Who would piss away $6 million without a plan TO MAKE MONEY?

They have identified a few other drilling prospects in our concession. We hit 15 meters of high density pay. They logged it. Are we on the edge of a commercial prospect? Who knows? But a very quick $6 million investment after a perceived drilling “failure” is interesting.

Cautiously optimistic, contemplating buying more.

Red