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Old 26th Sep 2018, 12:32
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caiman27
 
Join Date: Sep 2007
Location: Bishops Stortford
Age: 64
Posts: 143
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Interim results out today. Operating loss in the six months to 30 June of US$14.6m - losing money in all three countries in which it operates. Subsequently raised US$10m but will run out of money by the end of October. Without additional new money it will have to close. In any case it is planning to pull out of Tanzania due to "changes in the competitive landscape. Shares currently down by 38% so far today.
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