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Another GEMS listing on the way
Mucene
#1 Posted : Thursday, July 03, 2014 11:59:24 AM
Rank: Member


Joined: 8/4/2012
Posts: 155
Location: Kenya
Flame Tree Group and Mayfox Mining plan on listing on Gems by year end. Will they turn out like HAFR or perform well?


http://www.businessdaily...6/-/50uej1z/-/index.html
If you don't want to go to plan B have a good plan A.
VituVingiSana
#2 Posted : Thursday, July 03, 2014 6:28:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,225
Location: Nairobi
It is too early to say. The sellers want to maximize their returns but if Flame Tree wants to raise cash, they need to be prudent and let the 'new' investors earn something so they will return. If the current shareholders 'squeeze' the new investors, then they will be turned off next time Flame Tree wants to raise money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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