Nbr14 Apr 2015 15:54
From November RNS, how close are we?
Future prospects
Work on bringing new projects in to the Company is now accelerating, and I believe that the Company is now well placed to move forward. The initial intention was to bring in coal projects, but the market perception of coal projects in Southern Africa has mitigated against this. The directors are evaluating a small copper project in Northern Cape Province, South Africa, which could bring early positive cash flow as well as providing a stepping stone to other copper projects in that area. Also currently under consideration are a kimberlite diamond mine in South Africa and an onshore oil and gas project in West Africa. Either of these would require the publication of a new admission document, and it must be stressed that discussions remain at an early stage.