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0.1¢ amani gold limited

Ann: AMANI SIGNS TERM SHEET FOR SALE OF GIRO GOLD PROJECT, page-43

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Dodsy

62 Posts.

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08/02/23

13:34

Post #: 66135466
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Originally posted by Markus99: ↑

The offer represents approximately USD$12 per oz. Assuming there is 4,400,000 oz in GIRO:
- Amani Consulting owns 65% of GIRO Goldfields SARL (DRC Government owns 35%)= 2,860,000 oz
- Amani Gold owns 85% of Amani Consulting=2,431,000 oz

USD$ 30,000,000 for 2,431,000 oz= USD$ 12.34 / oz
* Simon Cong owns 13.5% of Amani Consulting. Simon Cong is also the sole director of Shining Mining Company Limited, which is a major shareholder in Amani Gold.

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So, surely those large shareholders that stand to benefit from this deal should not be allowed to vote on the issue!? Shining Mining Company should abstain from voting?!

ANL Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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1 Great analysis

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