MARC HASENFUSS: Gold mine in Goldrush
Just over half of the R2bn gross value attributed to RECM & Calibre’s portfolio is underpinned by its 50% stake in unlisted alternative gaming business Goldrush
Just over half of the R2bn gross value attributed to investment company RECM & Calibre’s (RAC) portfolio is underpinned by its 50% stake in unlisted alternative gaming business Goldrush.
The importance of Goldrush will be even more pronounced when (rather than if) RAC pushes ahead with plans to take outright control of mostly dismantled offshore investment company Astoria. RAC already has close to 30% of Astoria, and will — if my sources are reliable — look to inject most of its deep-value investments, other than Goldrush, into this Mauritius-domiciled company (which also has listings on the JSE and the Namibian Stock Exchange)...
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