Firering Strategic Minerals: From explorer to producer. Watch the video here.
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People have lost money on CRA including me.
Bunch of crooks CRA
i still have this stock in my account.
IS this company dead?
Copper is at all time high.
no chance of it coming back?
anyone spoken to the management ?
Good info, but does this mean there's a chance of getting any of our investback ?
Appreciate the link Mwalimu !
www.news.thevoicebw.com/2021/10/mowana-copper-mine-gets-a-new-suitor/
www.mmegi.bw/business/mowana-mine-set-to-bounce-back-on-dutch-deal
I did not get the site references correct in my previous post below, nor can I seem to get them correct, however,
a search for 'Mowana Mine' will get you to these two pages.
Max Power Limited has just had unconditional approval from the Botswana Authority for the merger/takeover of Cradle Arc.
[put 'Botswana Merger Decision 37 2021' into your search engine to access the official announcement ] .
I do not have the experience or skills to fully understand the full significance of this in terms of the existing Cradle Arc Shareholders. Do the shareholders remain shareholders in the new entity or are we excluded from any further
interest in this new entity. Can any shareholder who understands such situations please help.
Sorry, im of the same mindset as yourself. I have no idea but would it be worth a phone call? I nay try tomorrow 12/11/21. Although its not a take over per say, they still have our money and the outcome will be the same as a takeover ?
https://www.mmegi.bw/business/creditors-approve-mowana-takeover-deal/news
Thank you Mwalimu, after your previous post, I managed to find the name of the lawyer / or legal representative involved in the administration team. I e mailed him and asked where shareholders stood as this unfolds. As yet I have had no reply, but will keep up the pressure and post any reply this board.
https://www.mmegi.bw/business/former-mowana-workers-to-get-p23m-payout/news
www.sundaystandard.info/from-mowana-to-kopano-mine-forever-changing-hands
https://www.pressreader.com/botswana/mmegi/20220304/281711208112550
Thanks again and some great info there !.
Does this mean we have a chance of getting some of our investment back ?
My Brokers still have CRA listed in my Portfolio, although CRA has been suspended for quite some time. They inform me that they are keeping the situation under review and await further developments .
There is still reason for hope, I do have a gut feeling that the Original Shareholders will still
fit somewhere within the newly restructured company [However I have been very wrong about similar situations in the past - I do tend to have a "Glass Half Full" attitude.]
I optimistically agree with you, especially reading the link you posted.
Although it has been a very long time.
Mine are showing too as ( delisting ), I do have hope but I too have had hope dashed in the past. The difference here is Max Power are saying they want to absorb the shareholding, which leads me to believe we will be holding them under the new company ?
Would be nice. They are taking over the mine and paying off the debt as I understand it ?
Here's hoping !
www.dailynews.gov.bw/news-detail/66475
This news item has just come to my notice.
This link does not appear to to the item.
Thy searching for:-
Minister briefs parliament on Mowana Mine - Daily News
So where does this leave us shareholders ? I can't work out whether we are involved in this new company or are we being compensated ?
I also cannot make out how we stand in relation to this situation.
Any hope that I have rests in that my shares are still listed in my name by
my stockbrokers and that they will inform me of their status as matters become
clearer.
Dear All
I am a shareholder of Cradle Arc and would like to know if any of you could get more information about our present status as shareholders ?
Did any of you contacted the liquidator who seems to be Antony Batty & Co Llp ?
Thank you so much for your replies
Ive found it very difficult to find out anything.
Did you contact Batty & Co ?