Market Cap R24,312,000,000
Mr Atul Gupta, Oakbay Resources & Energy
Ladies and Gentlemen, I extend a warm welcome to all of you on the occasion of listing of Oakbay Resources & Energy (ORE) on JSE today. It’s an auspicious moment for all of us in the family and my extended family in the business sphere.
I would like to thank the ORE board, shareholders and management for their continued trust, encouragement and support which gave us energy, enthusiasm, confidence and motivation to realise this long awaiting dream. Kudos to them
Oakbay Resources and Energy Limited ("Oakbay"), which owns the only dedicated uranium mine in South Africa, debuted today on the JSE in the General Mining sector.
Oakbay Resources & Energy,began trading today and was valued at close to the country’s third- largest gold miner on the Johannesburg Stock Exchange.
Within 40 minutes of Oakbay Resources and Energy's chairperson Atul Gupta blowing the horn to open trading on the JSE's newest listed entity, all the shares floated for trading on Friday were snapped up.
During the six months ended August 31, Oakbay produced about 386 485 milled tons of gold and realised gold sales of 6 721 oz. The company said mining operations over the past six months had been challenging as a result of operational upgrades in the company’s milling section.
Today Oakbay Resources and Energy Limited (JSE:ORL) listed in the General Mining sector on the JSE’s Main Board. Oakbay is the 16th company to list on the JSE this year.