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22/11/17
21:33
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Originally posted by mineralised
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They had a much cheaper way to take over in 2015 when the company was in debt, had large legal liabilities and former MD resigned.
As a relatively new private equity player Tembo have to ensure they have a good reputation or it will restrict future opportunities and make public markets wary of their projects. The worst thing you can do in private equity is look like a shark or you will simply get the scraps.
I've interviewed them and found them to be extremely knowledgeable and open about the various paths they see in future for Nzuri.
FYI stage 1 has plenty of cashflow.
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I see that these tenements were owned by Regal Resources before NZC and Dr. Peter Ruxton was a director with them. Something along the lines of a takeover (hostile?) which you alluded to earlier………….?
http://www.aspecthuntley.com.au/asxdata/20150219/pdf/01600481.pdf
http://www.asx.com.au/asxpdf/20161017/pdf/43c11sqqr1rj1g.pdf