Thabex Limited Listing on the Johannesburg Stock Exchange Reinstated; Angel Diamonds Operations to Allow the Business to Meet its Obligations

South Africa’s Thabex Limited, whose shared were suspended from the Johannesburg Stock Exchange mid 2009 due to the delay in the publication of the provisional report of the company, has had its listing reinstated as the company has complied with
the publication of the provisional and interim reports and the annual report of the
Company was posted to shareholders on Friday, 15 January 2010.
The board have considered the ability of the company and its subsidiaries to
continue as going concerns and based on reasonable and supportable assumptions,
have concluded that the forecast levels of production and the future benefits of the
continuing prospecting operations of Angel Diamonds (Pty) Limited, a subsidiary, will
produce sufficient cash flows to allow the Company and its subsidiaries to meet their
obligations in the normal course of business for the foreseeable future.

Related posts:

1. Thabex Court Case Relating to Angel Diamonds Postponed
2. Update on Court cases involving Angel Diamonds (Pty) Ltd and Thabex
3. Firestone Diamonds Listing on Botswana Stock Exchange
4. Firestone Diamonds Intends to List on Botswana Stock Exchange
5. Firestone Diamonds Intends to List on Botswana Stock Exchange