RE: Funding22 Jan 2021 11:47
This is why I just can’t see a placing.
A gain from that transaction helped Panthera post a net profit of US$2.232mln in the six months to end September, 2020, although at the pre-tax level there was a loss of €561,000 (US$658,000).
Panthera now owns 41.7% in Moydow which increases to 46.2% later in December upon completion of the Kalaka divestment.
This also provides ongoing participation in any success from the projects held by Moydow in Nigeria, including Dagma and Paimasa, Panthera noted.
“The year to date has represented a transformational phase for the Company which has culminated in a milestone transaction with Moydow to spin-out key projects and introduce new assets,” said Bolton.