RE: Michael Haworth SELLING?13 Feb 2020 18:16
Extrader, you said minimum 10% free carry in your reply to me today and this is what you said in your previous message on the chat board:
AIUI (ZIOC IPO doc difficult to locate), Govt of Congo is entitled to 'at least 10%' free carry in Jumelles Limited, the operating vehicle, which is currently owned 50% +1 share by GLEN (post its acquisition of Xstrata) and 50% - 1 share by ZIOC.
So last time you said at least and today you are saying a minimum of 10%. Seeing as though at least and minimum state the same thing, can you confirm exactly how much the Gov't can help themselves to. Is there an upper limit - hence why I stated that they can help themselves to whatever they like within reason of course.