It’s just such a shame these assets23 Nov 2018 09:51
Zulu, Katete and RHA including plant and equipment are now valued at zero by the market. For me every further investment i have made in Prem for some time is v Circum and I hope we see that realised early in 2019 or at least clarity on potential value. The newco part is a bonus if and when it happens.
I say strong buy as I think the market cap more than underwritten by the values of our Circum stake, however the continued delays, failures and disappointments have caused the sp to be destroyed. Circum delivers I get my money back + a return. If Circum and new co both deliver it’s big. Option ‘C’ is this drags on forever and even Circum can’t save us. I don’t even want to think about C