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October 28, 2008
Firestone Energy in BEE coal venture
AUSTRALIAN-listed Firestone Energy, which has entered into a joint venture in SA to exploit coal prospects in the Waterberg, is to take a secondary listing on the JSE on Thursday.
Firestone was trading at A$0,02 yesterday on the Australian exchange, equivalent to 13,6c a share in South African currency, and slightly below its pro-forma net asset value of 13,92c a share. The company will not raise any new funds on listing.
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Posted by StaffWriter at October 28, 2008 8:46 AM