re: Ann: Positive DFS Results and Namibian Mi... I have always thought it peculiar that one member of the Bannerman board holds a 20% interest in the Etango project. Who is the guy that holds the 20%? This will reduce slightly under the deal with Epangelo but only to 19%.
Now with Epangelo reducing Bannerman's equity to 75% is it an attractive investment given as others have said the low grade- a fifth! that of Husab. Plus if it raises even only a fifth of the estimated capex cost of building a mine that's going to involve further massive dilution for individual investors.
Ann: Positive DFS Results and Namibian Milestone , page-20
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