This is a very thinly traded mining exploration company. It bought two gold projects in the DRC in 2020. In its results for the year to 28th February 2023, the company reported a headline loss per share of 143,34c compared with a loss of 141,76c in the previous period. The company has a negative net asset value (NAV) of 741,36c per share.
In its financials for the six months to 31st August 2023, the company reported zero revenue and a headline loss per share of 70,65c compared with a loss of 55,58c in the previous period. In a trading statement for the year to 29th February 2024, the company estimated that it would make a headline loss of between 45c and 55c compared with a loss of 171,88c in the previous year.
The share is virtually untraded on the JSE. We would strongly advise that you leave this share alone.
In its financials for the six months to 31st August 2023, the company reported zero revenue and a headline loss per share of 70,65c compared with a loss of 55,58c in the previous period. In a trading statement for the year to 29th February 2024, the company estimated that it would make a headline loss of between 45c and 55c compared with a loss of 171,88c in the previous year.
The share is virtually untraded on the JSE. We would strongly advise that you leave this share alone.
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