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Yogi, fine, your knowledge and research way beyond my level .
However , Kuhmo increase may have been public knowledge to a very view that chose to look , its still a significant and should have at least been referenced by the co post 6/9.
Why were the 2 major private shareholders not invited in to the raise yet other 'certain shareholders' were ? Stinks !
RE TW , he does pick up on company behaviours that are not completely above board ( in fact it's his deputy in this case Nigel Somerville) , and that serves a purpose for the market in general . To be fair TW is an acquired taste but has some uses in my view .
Keep up the good work , we all want a positive outcome on the SP that will probably now happen albeit that we have been seriously diluted.
Great find Yogi
So they knew all this before the board and some insider cronies took part in the hugely discounted placing , but have not disclosed it to the market ?!!
Stinks to high heaven as usual . The Nomad is equally complicit , I think this info should also go to Tom Winnifrith .
FG and the rest of the cynics , read this bit prior to the 'formal ' announcement and you might see it in a different light.
'Tulu Kapi Gold Project in Ethiopia which is advancing to full project launch in light of the improvements in the Ethiopian working environment'
and as a result of it acquiring the First Tranche Shares, the Rowland Concert Party's aggregate shareholding in the Company increased from 32.99% to 33.67% which, absent any dispensation or waiver granted by the Panel, would require the Rowland Concert Party to make a mandatory offer for the Company pursuant to rule 9.1(b) of the Code ("Mandatory Offer").