I think the current management is better than the old, but I do have issues with the level of communication. In the May 4th announcement, the following Conditions Precent were listed with the expected completion dates. Everything was to have been completed by 2 June according to the announcement, yet we have been advised of only one. Are the others completed (no announcement) or are they all delayed, and if so why and until when??????
Event:
Registration of the transfer of the Namibe Licence from VIG World Angola Lda to Angolitio - completed.
Angolitio and CPS having entered into a royalty agreement
Implementation of agreed amendments to AM Mauritius’ constitution. Week ending 12 May 2023
Sinomine obtaining all necessary Chinese outbound investment regulatory approvals
Completion of due diligence. Week ending 26 May 2023
Offtake Agreement
Completion of the Subscription Agreements
Issue of Phase 1 Investment Securities. Week ending 2 June 2023
Cheers!
Catweasle
I think the current management is better than the old, but I do...
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