Evolution of the Kobada caseThe appointment of Mr. Jendry to the board of directors of AGG is a new parameter that I must consider in order to establish the probable scenarios. If the AGG buyout were to happen in September, Mr Jendry's departure would be almost inevitable. As I believe that negotiations between Robex and African Gold Group have probably already yielded conclusions, the appointment of Mr. Jendry would no longer make sense. Therefore, one new scenario now dominates over all the others.
In this new scenario, Mr. Jentry will remain in office. In my opinion, Robex could participate in the capital of AGG and become a controlling shareholder. Beyond this participation, a convertible debenture could be issued by a financial partner, which would complete the sum required for the construction of the plant. Thus, AGG would retain its status as an independent company, just like its status as an operator. Considering all the parameters, this scenario is so far the most probable. This scenario could still change… over time.