The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://www.moneyweb.co.za/tools-and-data/click-a-company/KBO/
Something rather serious is going on here….perhaps even criminal….but it’s gone up to 21c on JSE now….so work that out…..about a 7x difference in price between AIM and JSE. Tempted to drop market abuse on LSE an email.
I’ve also only just realize that LSE and JSE allow cross border transactions…..so you can buy on the LSE effectively for 4c and sell on the JSE for 16c at the moment !!!! Now this makes me think……Market manipulation on a grand scale here !!! I think the Nomad needs to stick his nose in here.
Highside…you think they can pay WA as PFS manager in shares to complete it ? If I remember correctly at the last AGM did we not give them authority to do exactly this ? If they can you may be right and we may have money to extend beyond October. Just a thought…:-)
Unless of course they went to the tail to wag the dog as the dog was not stupid on the LSE…..and it seems like the tail is. Expect an RNS soon imo to explain this discrepancy. The Nomad should also be involved.
MM…I honestly do not see any JV being announced soon. The data room has been opened for God knows how long and it would appear from all the tweets and local news that EUZ are intent on taking this to a mine themselves…imo if other miners were interested a deal would have been done by now. A JV with a mining construction company however is slightly different and this will take a bit longer I would hazard a guess…as The contract would be of a very different nature. This being the case and October just around the corner it’s anyones guess what happens next …..but let’s see however, some form of fund raising …dilutionary or not is imperative imo to keep us in business. I think we are Between a rock and a hard place as the Stones used to sing…but not quite in last chance saloon as yet…:-) GLA
I notice on JSE trading at 18c at minimal volumes.
0.18 South African Rand = 0.0089950921 British Pounds
The JSE normally follows the LSE….maybe someone has the decimal point in the wrong place ?? Lols….anyone know why perhaps ?
This tells me all I need to know thank you Laguna.
Financial results (includes the consolidated results of MAST Energy Developments Plc)
· Total revenues £3,245 (2020: £ nil);
· Operating loss £24,071,363 (2020: £6,473,547 loss);
· Loss after tax for the year ended December 2021 £23,015,857 (December 2020: £6,142,932 loss) includes:
§ £891,375 loss from the consolidated results of Katoro Gold Plc ("Katoro"), which is separately funded;
§ £1,079,083 loss from the consolidated results of Mast Energy Developments Plc ("MED"), which is separately funded;
§ £20,705,209 impairment loss on Mbeya Coal to Power and Mabesekwa Coal to Power projects as a result of the continuing global shift to move toward renewable energy and disregard fossil fuel assets, coupled with the Group's execution of its renewable energy strategy during the 2021 financial period;