Originally posted by apkjm
As per 31st October 2018 Announcement it would seem VEC and Fimosa have agreed and executed the Share Sale and Purchase Agreement and Shareholders Agreements to acquire its interest in Mongbwalu Goldfields. So deal done with the owners of the land ( Thats super important ) But VEC and Fimosa are both waiting on (Sokimo ) the state owned Gold mining company to pull there fingers out
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We sometimes forget that Sokimo have partnerships with around 25 other private or listed miners in the DRC , get in line and wait your turn I guess ! The main take is VEC and the owners of the land ( Fimosa ) have committed to the Adidi-Kanga deal , the rest in typical government slow moving BS that drives you mental
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Ps. Im not holding my breath for today , I cant see any Government department anywhere working over the Weekend just to keep us shareholders happy Lol ! But tomorrow thats a different question!
Given time differences unless it was a public holiday in the DRC on Friday, then they had another business of work post when our weekend started.
Just another typical JB company delay... its across the board with all of his companies, seems happy to work to his own time line and not keep people informed (via official channels)
Having said all that VEC over the last 12 months has actually performed quite well (flat) compared to most specs.