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Ann: Prospectus Lodged for Approval of Mauritian Note Issue, page-39

  1. alh
    1,493 Posts.
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    indigo,
    I started buying these in the MOS days and have built to just under 2% of the company, they were sub 1c when I started accumulating, so I have ridden it up and to see it at these levels I feel your frustration also!

    But my frustration is not with TM, he has done his utmost to get this over the line and percevered with the Tanzanian authorities for so long because that would have been the most beneficial outcome and the board were convinced the authorities in Tanzania had shown enough signals and would have approved the fund by now.

    To their credit they had this Mauritius path set in the background and for some time as a backup, waited until the wait could not be sustained any longer with Tanzania and pulled the trigger.

    The path to production still has obstacles, but there is a way through, they still have one of the largest high grade graphite deposits on the planet and hopefully there is another arrow or two in their bow that may bring unseen value in the future that may come from left field before the day is done!
    ALH.
 
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