'We've Lost Round One'--Stricken Pamodzi Gold set to fight on in face of Orkney provisional liquidation

摘要

The stricken Pamodzi Gold was all set to fight last Friday, despite the provisional liquidation order granted against it. "We've lost round one," was the comment of determined Pamodzi Gold CEO Peter Steenkamp as he revealed that April 14 had been set down as the return date of the provisional liquidation order against the Orkney gold-mining operations. He reported that directors had also requested that trading in its shares be suspended on the JSE, where they have taken a battering. Steenkamp made the point to Mining Weekly that the order affected the Orkney operations alone, not Pamodzi Gold's other gold operations, made up of the Free State operations of President Steyn gold mine, the East Rand operations, which include the flood-endangered Grootvlei, and the West Rand operations.