What do you all make of this?
Olea Australis Limited (with the very small market cap of $2.8 million) will be coming off a trading halt on open this morning.
ASX:OLE will change its focus to gold exploration after arranging to acquire West African exploration assets.
The one-time olive growing and olive oil processing company has signed agreements to acquire Westaf Pty Ltd and JEM Resources Pty Ltd, which are both pursuing African mining projects.
Over 2,800sqkm of ground under application in Cote d'Ivoire.
Experienced team headed by Tim Fry who was formerly Executive General Manager of Lihir Gold, with operations in Cote d'Ivoire under his control.
Option to acquire project in Ghana whose neighbours to the south and west both have an inferred resource in excess of 500,000oz.