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Genmin slides after emergency capital raising

Iron ore hopeful was running on fumes after April’s recapitalisation raising funds spent

Haydn Black
Gabon's military ruler, Oligui Nguema, visits Baniaka earlier this year. Credit: Genmin.

Gabon's military ruler, Oligui Nguema, visits Baniaka earlier this year. Credit: Genmin.

Genmin has resolved questions about its financial viability with an emergency placement to raise a further A$10 million from existing shareholders and new investors. The raising was described as strongly...

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