“The funds will be used to accelerate the company’s work programme in its existing licences, for corporate activity and for continued business development,” said Swala Energy in a statement. End Extract
Love "accelerate" being used :) OEL Comments in their report yesterday. Cash being raised.
Anyone getting the puzzle together? :)
Support info: DSE report http://www.dse.co.tz/admin/publication/2052-QUARTELY%20UPDATE%20SEPTEMBER%202013%20(final).pdf
So we are just waiting on the IPO listing docs to be approved...then the issue will Open.
SWE Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held