Shaw River Manganese (ASX: SRR) has been granted a voluntary suspension pending the release of an announcement about the outcome of a legal action in Namibia.
The suspension will be lifted when the announcement is made to the market.
Shaw River holds 75.5% of the Otjozondu Manganese Project in Namibia, which is targeting low cost manganese production and significant cash flows from 2012.
A big plus for the project is the nearby infrastructure, including established road, rail and port access to Walvis Bay.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/19809/shaw-river-manganese-in-voluntary-suspension-pending-namibian-update-19809.html
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
No comments:
Post a Comment