Just Musing3 Jan 2018 14:13
CGO RNS states:
The Directors of the Company are pleased to announce they have signed a Memorandum of Understanding and entered into an exclusivity period with regards to the possible acquisition of Consolidated Growth Holdings Limited's interest in a near-term producing mining asset in Zimbabwe ('Proposed Acquisition'). The Proposed Acquisition is conditional on the completion of legal due diligence and re-admission of the enlarged entity on the Main Market.
The Proposed Acquisition, if completed, would constitute a reverse takeover under the Listing Rules.
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If I understand our assets correctly, according to our website, we have two assets in Zimbabwe, and interests in South-East Guinea, which don't get a mention.
So, with the RTO, they seem to be getting our other Zimbabwean interest and the Guinean interest too.
I suppose all the details will come out in the end, and we may get something out of it rather than the nothing many though, when we were de-listed.
As I say just musing. GLA