Post by
nyoni on May 29, 2023 7:54pm
RE:RE:RE:How will it end?
Here's what we know:-
1. Bots govt has taken a 24% stake in HB.
2. Bots govt-owned Okabango Diamonds will have a 5 year agreement to sell rough to HB.
3. HB have a 10 year contract to take our +10.8ct stones.
The question is, do HB want any of the 1ct -10.8ct stones (Clara's speciality) they may get from Okavango?
Does the contract in point 3 (above) have anything to say about it?
The Bots President recently said :-
"We have been shortchanged with our resources....... but now we can read, and our eyes are open."
I wonder what opened their eyes?
Comment by
AndersS on May 30, 2023 5:14pm
I'm still wondering why the signed a 10 year contract. But I'm sure the Lundins would not do that unless they had a good reason. Maybe I will eventually understand.
Comment by
nyoni on May 30, 2023 6:10pm
I'm hoping for the explanation of many questions to emerge on, or before, 30th June. There could be a surprise coming. Not long to wait anyway.
Comment by
KingFox on May 31, 2023 10:04am
we also know share price trading at $0.43 CAD, is quickly approaching 2013 lows volume has evaporated market cap now below $150MM USD transparency is now clear as mud
Comment by
Gerrywerry on May 31, 2023 10:43am
Hard not to agree, not really earning those big salaries!
Comment by
nyoni on May 31, 2023 6:00pm
Or...Clara spins out, govt similarly takes a share in it and feeds Clara with Okavango diamonds in the range 1 ct ~14 ct
Comment by
Gerrywerry on May 31, 2023 6:26pm
It all depends on the govt and debeers negotiations failing , but I think that's fairly unlikely. One thing is sure Clara won't succeed as it is . I kinda like a joint venture with Clara and hb. Something got to change
Comment by
Internist on Jun 01, 2023 10:32am
Dreams, dreams, dreams...