RE: Jubilee Metals News17 Nov 2021 23:54
Does anyone have any idea what RGO hold in relation to Jubilee Metals? - I see there was a £1.2 mil invested in Feb-19 "invested £1.2 million, principally in the secured non-convertible financing facility arranged by Jubilee Metals Group plc in connection with its acquisition of certain chrome processing operations" Do they just get a rate of interest or do they hold any shares / warrants (which would provide a good return as since the investments the shares are up approx x6).
Many of the other mining co's that RGO placed other investments with appear to be struggling and are valued significantly less than they were at the time they were made. I've not managed to derive a clear picture of what loans / returns are due from what is still active and the timescales they are to be made. Also if there are any warrants associated with the mining cos.
It certainly seems clear that the current focus is on the Pre-IPO market and the investments in PIRI, Pluto and Smarttech247 (which may be acquired as part of a reverse takeover by Conduity Capital).