Trans Hex reports a strained balance sheet and warns investors
The alluvial diamond miner’s board warns of ‘material uncertainty’ around the need for shareholders and the IDC to put in some money
28 June 2019 - 19:20
Trans Hex, an alluvial diamond miner, has posted results showing the deep financial difficulties it is contending with as its operations in SA posted an operating loss, as well as its current liabilities swamping its current assets.
JSE-listed Trans Hex has sold its Lower Orange River operation for R72m, while it also has its 67% stake in West Coast Resources, the company owning the former Namaqualand diamond assets of De Beers, in a sales process...
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