RE: Railsrr31 Mar 2023 09:23
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So Railsbank shares were last on our balance sheet (for the financial year ending 30 June 2022) at £2.3m. At the same time our shares in GMSI were £3.3m and our Finland exploration company (Kalevala) interest was valued at circa £1/2m. Whilst the Railsbank share value will go to zero, the GMSI shares and Kalevala shares when converted in full to Deccan Gold Mines Ltd shares, will end up being around £6m, thus cancelling out the loss of Railsbank investment value.