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Johannesburg - Pamodzi Gold's provisional liquidators railed against media reports that investment group Sekunjalo, together with a group of wealthy families in die Middle East, were on the point of buying Pamodzi for $150 m.
Pamodzi's chief liquidator Enver Motala stated that Sekunjalo had indeed approached a member of the liquidation team for information, and that this request would be considered by the entire team.
The provisional liquidators however have "no knowledge" of any offer and would, moreover, not accept one containing the conditions on which Sekunjalo, according to the reports, was insisting, Motala notes.
Sekunjalo is demanding, inter alia, that no bidding process takes place for the Pamodzi mines, which would imply that it and its Middle East supporters would not have to compete with other buyers.
To date Simmer & Jack has been the only prospective buyer whose name has been revealed by the liquidators.
Simmers has, however, not made an offer yet, although it is expected to soon come to a decision.
- Sake24.com
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