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Congo gold
Whats wrong here?
Makes no sense.

Regal buys congo gold lease from Afrimines for small amount of money.
Afrimines then buys back into 10% of its old lease for $5million of its own money (Regal has none)and 10% of RER asx shares.
10% of RER shares only worth $450,000 at the time? - not $5million?

Afrimines then spends another $7million of its own money on more drilling of its old lease, in return for another 10% of its old lease and another 10% of RER shares (worth another $450,000)- not $7million?

Afrimines spends $12million on 20% of RER shares worth $900,000 and on drilling its own old lease that it now only has 30% interest in?
Why?

Why dont Afrimines just keep 100% of congo leases and spend its own $12 million drilling itself for all of the reward?

Afrimines don't need Regal for cash.
Afrimines don't need Regal for drilling expertise Afrimines).
Afrimines don't need Regal management expertise (LOL)

NONE of this makes sense. I say this should be looked at carefully.



Africa is in the press as a source of money laundering.