PP, can you clarify on this ? Who would buy the shares of Swala Tanzania for only Tanzanian assets at 500 Tanz Shillings when Swala Energy (SWE:ASX) is trading at 60-70% less than SOGTL IPO price (if the price is confirmed and true). Also SWE.ASX included assets in Kenya, more working interest in Tanzania licenses, possibly Zambia and other sub-saharan African licenses in future. Investors could very well opt to buy SWE.ASX (International trading) and may not take the IPO price.
Not trying to be negative as I believe Swala assets are worth more than 40cps AUD as per current progress but you can never predict Market. More explanation could help.
SWE Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held