Thanks for that update Centerion and I did pick up a few more yesterday near the close @ .06.
I believe we have another winner here. Canaco who are also in Tanzania have announced great assays results and went from .04 to .75 quickly. Now sitting around .45 I believe.
Sidon's new property acquistion recently announed has some high grade gold just from the free miners, who have been prospecting for years and is a way of life for some, never looked for mineralization at depth.
Apparently, the geologist from the early beginning with Canaco, found the property for Sidon Resources and has quite a good reputation.
They are many years behind in the commercialized gold business in Tanzania, however good North American, more specifically Canadian companies are realizing the potential for being a major gold producer, not only in Tanzania, but in Columbia as well. Seafield for example in Columbia( I have shares in my portfolio)
Sidon I believe will want the share price to increase to a higher level .10 or so to do a pp to raise funds for the exploration work to begin as soon as possible.
If Sidon breaks thru the 7.5 level, perhaps we could see .10 by the end of next week.