RE: 12 Signs a Company is Being Bought Out13 Dec 2023 13:18
Also don't overlook that any dugbe capex money put up for exploration by HUM will now be dilutive to pasafino if no lt matched by 49% as they own 100% barring the governments free carry.
This increases CIG's overall stake in Dugbe as a consequence of being the largest HUM stakeholder.
This will be why Pasafino share price has done nothing but slide... They have no money, and no chance of advancing the project with serious dilution. HUM and therefore CIG are very much in the driving seat... Pasafino's largest shareholder has also been diluted to oblivion, maybe ESAN are just in it for an easy royalty.