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OPP Origo Partners Plc

0.075
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Origo Partners Plc LSE:OPP London Ordinary Share IM00B1G3MS12 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.075 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Origo Partners PLC Moly World Asset Impairment (9549M)

03/05/2018 7:00am

UK Regulatory


Origo Partners (LSE:OPP)
Historical Stock Chart


From May 2019 to May 2024

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TIDMOPP TIDMOPPP

RNS Number : 9549M

Origo Partners PLC

03 May 2018

3 May 2018

Origo Partners plc

Moly World Asset Impairment

Origo Partners' Advisors has informed the Board of Directors of Origo Partners Plc ("Origo") that the Mongol Resource Corporation ("MRC"), a subsidiary of its investee company Moly World, has received a notification from the Mineral Resource Authority for Mongolia purporting to cancel the mining license issued to MRC nine months ago. Moly World is retaining counsel to protect its rights with respect to the mining license. Origo's board believes that this governmental action has impaired the value of its investment in Moly World, which on Origo's most recently published balance sheet was carried at US$3.87 million. Further announcements will be made in due course.

Ends

For further information about Origo please visit www.origoplc.com or contact:

 
Origo Partners plc              IOMA House 
 John Chapman                    Hope Street 
 Chairman                        Douglas 
                                 Isle of Man IM1 1AP 
Nominated Adviser and Broker 
 Arden Partners plc 
 Chris Hardie 
 Ben Cryer                      +44 (0)20 7614 5900 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 03, 2018 02:00 ET (06:00 GMT)

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