MOZ closed right issues yesterday on 28 July 2015. In my view, right issues have been oversubscribed. Nonetheless, MOZ likely to accepts all applications for additional right issue because it wants to consolidate its Mozambique graphite assets with trenching, mapping and targeted drilling....with whatever additional funds it may get.
This seems to me a sound strategy....so that exploratory work in Tanzania and Mozambique could continue smoothly..
I'm sure flow of announcements will surprise you all.....initial graphite findings are very promising.....
Keep watching......
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