RE: Aborted deal5 Jul 2021 21:07
I can’t believe what they have done in nearly four years.
Aborted deal, change of name and sold a couple of old assets.
They were right with Ukog as our stake would be worth about 90% less.
However, that isn’t the problem.
No shareholder value has been generated in four years.
I was a loyal shareholder here for nearly eight years.
Cost me tens of thousands here so I’m glad to be out of it.
Ruvuma will eventually come good but I’m just not prepared to wait another three years at least.
They are still awaiting a licence that expired at the end of April and it took over three years for the farm out to be agreed.
I wish any shareholders still here the best of luck. They certainly need some.