Keep it as a strategic reserve? Explore faster and further before considering a JV partner to give less away? Been a bit of profit taking today. Amazed at how easy its been to get live sell prices. Looks like we've turned a corner.
According to my calculations 41,866,276 warrants outstanding which represents 19.41% of the revised shares in issue of 215,698,004. This would add £2,930,639 to the company's coffers if all warrants were executed. What would AB do with extra funds?
March RNS... While our principal focus is on the Kabwe pilot plant, we continue to address legacy issues at the Company. In respect of the investigation we conducted into financial irregularities at the Company, resulting in the write-downs and provisions of £10.3 million in respect of prior years and announced with the results for the year ended 30 June 2014, the Company has now submitted particulars of claim against certain entities, not being party to the settlement agreement entered into in February 2015, where the Directors are confident of success. This action is being undertaken with a fee basis aligned to success.
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