alligin6 Aug 2013 03:18
I'm glad you are able to see the situation for what it is. As I have repeatedly said, the only tenable option once financing proves impossible (and that is my view), is for the institutional investors to take the company private. As I said in my post below, FDI is now valued at just $18m, and with its only decent asset having soaked up millions of dollars, yet still to be proven commercially viable, raising eight times MCAP will be impossible, in my opinion. After more than a decade of soaking up investors' money, Liqhobong is still, even if by some miracle they manage to raise necessary finance, many years from being profitable, if ever. This has been clear to all (or almost all) for some time now.
Best popped in your ISA if it is your misfortune to still be invested here; your grandchildren may one day be able to sell the share certificates as collectors' items along with those attractive Congo Railways ones you may own. inherited.