re: Ann: Revised terms agreed with ENAMCO for... Oh dear, you don't know what you are talking about.
The Eritrean government last year agreed to pay the option for an extra 30% stake in the KOKA gold mine, set by independent valuers in conjunction with CHN management. The value was placed at $34 million which both parties have since accepted.
$34 million is such a small sum of money compared to the money that the 30% stake will generate over the $1.2 billion in revenue from the gold mine!
That 30% stake is worth at least $300 million over the mine's life!!!
The sale of the 60% stake to SFECO is conditional on ENEMCO paying $34 million for the 30% stake.
re: Ann: Revised terms agreed with ENAMCO for... Oh dear, you...
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| No. | Vol. | Price($) |
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| 1 | 18387 | $1.34 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 3757 | 2 |
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