Ann: Capital Raising and Appendix 3B, page-3

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serena

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05/12/19

09:05

Post #: 41803632
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Originally posted by DVEous: ↑

More dilution, but at least more cash to keep things moving?

If ANS investors are wondering why Mbalam in southern Cameroon is moving slowly, if at all, then this article is worth reading.
It highlights the fact that the Cameroon Government has other major domestic issues taking priority.

Cameroon’s internal conflict has been ongoing since 2017, but it has been largely unreported in the west...

The English-speaking population in Southern Cameroon claim that they are increasingly being marginalized and having their rights eroded in favor of French speakers. Back in 2016 widespread protests among the English-speaking population in Southern Cameroons began.

However, they quickly escalated into an organized insurgency which has so far killed more than 3,000 people and displaced over half a million from affected areas. Separatists are now seeking independence for the English-speaking regions, historically been called Ambazonia.

Source (December 2, 2019):
https://simpleflying.com/camair-ma-60-shot-at/

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The acquisition agreement does not include Mbalam convention extension as a condition. So the delay in obtaining Mbalam convention extension should not be used as an excuse not to complete the acquisition. Be smart to understand the issues.

Who will be the ultimate acquirers? Time will tell us.

ANS Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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Ann: Capital Raising and Appendix 3B, page-3

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