the more and more it seems as if their is a complete conspiracy against the General plotting to overthrow the BOD and steal the licences for himself, probably to resell to the highest bidder. The only reason it has been tied up in the courts for so long is because the General has a bunch of friends, all to whom I believe seem to have disappeared due to them removing have of the government mining board in January this year. I would say the result of the court case could be more imminent than people realise. And we know have a solid plan to proceed with getting those results back, as yes there was huge panic on the financing of the company, due to the high salaries and court fees (which I still believe could be reduced momentarily rather than dilution for the sake of the company) but the results have sdhown we can have sustainability for at least another year. All imho though.
Share PriceMajor ShareholdersDirector Shareholdings John McKeon 12.4% J V Consultores Internacionais Limitada (a company controlled by Jacinto Veloso) 10.6% JP Morgan Funds 9.1% Nicholas Trew 9.1% Diogo Cavaco 8.5% Paul Ellison and Gareth Roberts as Joint Administrators of Hill Street Investments plc 8.3% Genesis Emerging Market Opportunities Fund 4.5% YF Finance Limited 4.4%
Theres a lot of speculation. The way I see it is that this is a high risk share with a massive potential for a big pay off. Of course the directors are going to fill their pockets first. That's their privilege. If after weighing it up you see it worthy of taking a gamble, then fingers crossed.
If the Mozambique wants to capitalise, increase country opportunities, and investments and give strength to there economy they will give PFP back there licenses. There is so many investments and companies being introduced to Mozambique lands and expansion. It would be very foolish for a government to keep a case like this snarled up in the courts for much longer, as that would hesitate other companies from looking to invest in Mozambique and would attack there overall economy, it wouldn't be the smartest move. Also this is the supreme court, so it is top level and I'm sure it has quite a lot of interest from the eyes of bigger mining companies.
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