We are well ahead on our tip to buy shares in Amara Mining (AMA) We told Nifty Fifty readers to buy at a 15.75p offer – the stock is now 23.75-24p. But there was interesting news last week implying that there is more upside still.
First came news of further drilling results from its key Yaoure project in Côte d'Ivoire demonstrating strong continuity and high grade areas. With further intercepts including 31 metres at 4.2g/t gold, 10 metres at 6.1g/t and 4 metres at 25.2g/t, the company emphasised that “this further increases our confidence in the Yaoure deposit and underlines the potential for selective mining of the CMA zone”.
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