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Don't forget we have 12m shares in Ariana Resources AAU worth circa. 0.4million. As I see it at present SVE is trading at nearly 50% discount to net asset value. So if you buy SVE at current price you are getting Ggp and others at roughly half price. Surely the share price is due a rerating , a 20% discount would be more reasonable.
Kefi had a 1 in 17 share consolidation on 2nd March 2017. Googled it.
Mkx007. Thanks for info on holdings. I understand from a poster on Advfn that the kefi holding is 1.12m due to a 1 in 17 share consolidation. There are also holdings in AAU 12m and SRES 14.2m. We also have shares in Salt Lake Potash Ltd who choose I think is quote on the Australian stock market but I do not know how many they hold.
Mkx007. I understand that the price is at a substantial discount to net asset value. I am aware they have 85m Ggp shares but I can't find any up to date info on their other holdings. Do you or anyone else on here know how many shares are held in the main companies invested? If so is it possible for you to publish them on here? Thanks.
Glenview is a part owner of Sale I so maybe they have decided that rather than throw money at the Sapro mine to put money into Zanaga instead, otherwise they would be competing with themselves. Just a thought. Things are beginning to piece together nicely I think.
Thanks for that Article in the E & MJ Engineering and Mining Journal. Very informative read produced by a leading RMG Consultancy Group.
The last para is interesting and relevant to Zanaga.
It reads:-
"The spread of prices between the low, medium and high-quality iron ores can, however, be expected to remain wide. There seems to be a glut of low-quality ores and a deficit of high-quality iron ore products, especially pellets. If this situation continues a reduction of production by certain low-quality miners might take place. Producers of high-quality ores might instead increase their production."