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G-G-G, your a welcome addition ,please keep
posting ,but Bonker has kept the board alive
with his posting, keeping the morale up .
everybody is entitled to their opinion .
I would be happy with a fraction of bonkers
forecast but I like reading his posts
Liberia is a stable country , English is the official
language and the Christianity the main religion
It was the only American colony in Africa ,look
at the Liberia flag ,,its political model is based
on the American system,
As far as the the low grade ,it also has a low
strip ratio which makes up for it and the
mineral development agreement for dugbe
which was passed into Liberian Law is
excellent 25% profit tax for example.
Perfect combination
AN Accountant
https://jobs.icaew.com/job/6544363/accountant/?utm_campaign=google_jobs_apply&utm_source=google_jobs_apply&utm_medium=organic
and a Corporate finance analyst
https://newfinancialjobs.com/job/corporate-finance-analyst-5/?utm_campaign=google_jobs_apply&utm_source=google_jobs_apply&utm_medium=organic
for their Mayfair headquarters let hope they
get their figures right
Pasofino gold price up to 0.95 Cad giving a value
on their prospective 49% of Dugbe of
cad 39.07 /£23.79 million
Inferring a value on HUM's 51% of Dugbe of
£24.5 million approaching half our market cap
Mali's produced a record 760 000 tons of cotton
in this years harvest
https://textalks.com/mali-records-the-highest-cotton-production-ever/
with cotton currently trading at $1.4 LB that's over
$2 billion in value and with cotton price set to go higher
https://www.zerohedge.com/commodities/soaring-cotton-prices-could-mean-clothing-about-get-expensive
cotton production employs around 40% of the
rural population ,its good something is going
right for Mali
Pasofino gold share price crept up to 0.89 cad
at the close, valuing their prospective 49% of Dugbe
at cad 36.44/£22.25 million which infers a value
of HUM's 51% at £23 million ,which in turn has
a value of £33 million on both yanfolila and
Kouroussa all three seem undervalued, can
see this back to 20p by July barring bad news
this explains it better
https://polaris.brighterir.com/public/hummingbird/news/rns/story/rmze75w
they have gone from 9.3% to 10.52%
ECOWAS decided to maintain the sanctions
http://bamada.net/la-cedeao-maintient-ses-sanctions-contre-le-mali-le-burkina-et-la-guinee
UEMOA sanctions against Mali suspended
http://bamada.net/mali-les-sanctions-de-luemoa-contre-bamako-suspendues
This is to do with the freezing of Mali assets
at the central bank, UEMOA members Share.
Mali does not have their own currency, but the
CFA linked to the EURO, this is
result of legal action rather than any agreement,
the court appears to agree they have a good case
about the legality of the sanctions ,which Mali
maintains are illegal, this does not affect the wider
sanctions, it will take the pressure of them to agree
to a timetable for elections though, this being the
main pressure point.
End of the Crisis in Mali? Press release
from ECOWAS
http://news.abamako.com/h/268007.html
Extraordinary summit to be held by ECOWAS regards
Mali on the 25th March in Ghana, president Goita is
invited to take part
http://bamada.net/le-colonel-assimi-goita-invite-par-la-cedeao-au-sommet-extraordinaire-sur-la-situation-au-mali
Also you have to ask yourself why a large Turkish
group (ESAN) bought 20% of Pasofino ,will be 10% of
the reorganised pasofino post DFS
https://www.esan.com.tr/en/history
Interesting to me the only other gold mine in Liberia
is owned my another different large Turkish group.
could there be a Turkish consortium buyout of
dugbe they have very deep pockets combined
Its not just the DFS its the reorganisation of the project,
Pasofino will hold 100% ,it will give HUM options with
the shares it will hold in Pasofino and a transparent value.
It gives options for Pasofino to move it forward.
The project will be too big for Pasofino in my opinion
both Ian Stalker and john Saunders have separately
both hinted at an exit, i.e sale, they wont want to sit on the
project and raising $400 million approx would be a tall order
for Pasofino and take could take years.
It would be a perfectly packaged project for a company/
consortium with deeper pockets.
My hope is they offload it and HUM gets between £30 to £50
million .
progress but no agreement
http://news.abamako.com/h/267834.html
Goodluck Johnathan and his delegation met with
Mali transitional president Assimi Goita on Friday
of significance it was highlighted on the presidents
facebook page with 3 pictures
https://www.facebook.com/Presidence.Mali/
"for the purpose of a rapid resolution of the
Malian crisis", i.e. a consensual timetable and
a lifting of the sanctions, I assume they are close
to an agreement.
Mackey Sall is the chairperson of the African
union as from 5th Feb 2022 not president
although he is the president of Senegal
It seems that Goodluck Johnathan is heading
back to Bamako today,17th March.
Excellent Tweet by Mackey Sall Senegal president
and president of African union just 2 hours Ago
https://twitter.com/Macky_Sall/status/1504410890036289544?cxt=HHwWkIC9jfvu3uApAAAA
It seems he was in discussion with Assimi Goita
yesterday ,it would be great if the could agree
a consensual timetable and the sanctions are
lifted another big piece of the puzzle here. its
would remove some risks
Mali fixes gasoline prices, yesterday they fixed the retail
price for diesel at CFA 760/ 97p (sterling)
not sure how it works for miners, they buy in bulk
and there is no retail mark up,
CFA franc is linked to the EURO
http://news.abamako.com/h/267721.html
correct link
http://news.abamako.com/h/267503.html