Well this stock was a dog before this and still is because a law was passed that made all companies in zimbabwe capitalised at more then $500,000,required to be owned by Zimbabwians up to 51% and exceptions to that need to be approved by the govt.This indigensiation was supposed to be completed wihtin 5 yrs and the 5 yrs isnt up yet and there is no clear word from the govt about it.And considering that the govt there is actually broke (the reserve bank has no cash)and are actually needing to rescue their economy,I am wondering how likely the govt will keep the recent promise by the mines minister that all tenements are securely held.I am wondering what the directors have up their sleeve about that because it surely sounds like disaster waiting to happen,and they havent mentioned the 51% rule in the announcement,unless they have met with the minister and think they have some sort of "word" on the issue ???And the high price they are paying for this proj... can they even afford to lose the cost of excercising the option after going through a share purchase plan etc just to raise the money ??!I think the directors should be fired unless they have something up their sleeve
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Well this stock was a dog before this and still is because a law...
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