12/06: LONDON (AFX) - Weatherly International PLC said it is now in the final stages of completing due diligence and formalising the necessary documentation to complete the acquisition of Ongopolo Mining and Processing Company.
In a statement at today's Annual General Meeting, chairman Dr Wolf Martinick the proposed acquisition of this Namibian copper group is currently the main focus of management attention, although the board has also been very actively attending to the Luanshya project in Zambia ...
Weatherly has been suspended since late April and last traded at 11.75p.
EZE has 18.2 mill shares in Weatherly. At 11.75p it works out to be approx 30c....well over $5 mill worth.
EZE's market cap is currently $7,469,126 and EZE's digital framework business is expanding. A great little buy to tuck away IMO.
EZE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held