The horror show of SA’s junior miners
While the Australian Securities Exchange boasts junior mining endeavours galore, here on the JSE — for various reasons — it’s more a case of rotting cadavers
27 October 2022 - 05:00
Remember Amalia Gold? The company briefly lit up the JSE in the late 1990s with a promise to mine gold from a prospect in Schweizer-Reneke in North West province before losing more than 90% of its value. It disappeared in a paper trail of fraud proceedings. How about Gazankulu Gold Holdings, or more recently Pamodzi Gold or Great Basin Gold?
They, along with a cartful of other long-forgotten names, populate a veritable necropolis of mining freebooters that the JSE seems to attract...
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