RE: News12 Sep 2021 15:31
Talks at an advanced stage with a major partner seeking to take a strategic equity stake in the Company at a premium to the current share price.
Martin Eales, CEO, said:
"The six months to December 2020 ultimately proved frustrating and despite best efforts, we were unable to conclude the envisaged transaction with IIG. We have, however, made material progress on a possible alternative transaction in the early part of this year, which we hope to conclude in the coming weeks. THIS WAS BACK MARCH INTERIMS WE NO LATER IN STATEMENT THE SAME INVESTOR IS NOW SOUTH AFRICAN. NOW 6 MONTHS DOWN LINE THAT FEW WEEKS HAS GONE ON THIS FAR,SUGESTING TOO ME FROM TWEETS THERE CHANGED DIRECTION AND R GOING STRAIGHT INTO CONSTRUCTION OF BIGGER SMELTER REASON 4 TAKING MUCH LONGER Again this is all guess work.