Bypassing the SML 30% Listing Laws, page-4

Hey Bails,

Interesting take on 30% IPO laws,

“Magnis Resources Limited (MNS) won’t have to list on the DSE, but Uranex Tanzania Limited (UTL) will.”
…In this way, Uranex Tanzania Limited lists on the DSE to satisfy recently introduced legislation,
Magnis controls the distribution of profits amongst the consolidated entity, and the Tanzanian public own 30% of bugger all.”

Been no official announcement one way or the other from MNS regarding DSE listing requirements.
Have you received confirmation from the company that 30% listing laws do in fact apply solely to UTL?

If so, appears to contradict these earlier verbal assurances:



Maybe Trommel was confused as to what management confirmed re: MDA when asked about 30% IPO requirements a few months back?


cheers