gsr-still dont like em mnut?

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    Golden Star Resources Ltd. (AMEX: GSS), an intermediate mining company, announced this week that it had entered into two separate agreements which will result in it controlling an additional 45 kilometers of the Ashanti trend in Ghana. It has also entered into a third agreement to acquire additional processing capacity that could facilitate a significant increase in production from its flagship Bogoso/Prestea gold mine. Golden Star has agreed to terms with Ashanti Goldfields to acquire the rights to a portion of the Asikuma prospecting license in Ghana, known as the Mampon gold property, in exchange for $9.5 million and the assumption of certain obligations. GSS also agreed to acquire the Asikuma prospecting license (from which the Mampon gold property mentioned above was excised in 1999) and the Mansiso prospecting license in Ghana, as well as the rights to the royalty obligation owed by Ashanti on the Mampon gold property. The company will pay $3.4 million in this transaction. In a third transaction, Golden Star agreed to acquire a nominal 4,500 ton-per-day conventional milling and carbon in leach processing plant, stores, inventory, and a six megawatt powerhouse, located at the Obotan mine in Ghana, in exchange for a cash payment of $4.3 million. We believe there is considerable room for stock appreciation from the current level of $1.73.

 
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