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pitboss22

01/15/12 9:30 PM

#858 RE: WARRIORofWISDOM #853

Homework is Required: In the company's reports and PRs, TAG Minerals, Inc. is described as a subsidiary of Lantis. TAG Minerals Zimbabwe (PRIVATE) Limited, on the other hand, is described as an affiliate or an associated company. They are described as seperate entities even though they share the name "TAG Minerals". Do you know the distinction between a subsidiary and an affiliate/associate? The distinction is quite important.

Another important distinction is a Private Limited company has NO legal reporting requirements, which could leave the door wide open to all sorts of abuse. Especially considering the conditions in Zimbabwe.
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pitboss22

01/15/12 10:24 PM

#859 RE: WARRIORofWISDOM #853

By the way, YOU said, "It is my opinion that as the noose of the Zimbabwe Indigenous Law begins to tighten around SM's neck, TAG (Z) with its 10% ownership will closely monitor the dynamics to either walk away (if the company is performing poorly), acquire the remaining 41% (so SM meets the 51% native owned requirement) or take over 100%"

My reply was, "You opine that TAG-Z (Private} MIGHT take over another 41% or more of Slashwood. My first question is, with what? Doesn't a transaction like that require a large amount of money? I have more questions regarding that but don't wish to overwhelm you.

I do have a second question for now though. What do you think the term "(Private)" after every mention of "TAG Minerals Zimbabwe" signifies?"

Your personal attacks were uncalled for.