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George, good point, they may well do that.
I reckon if Leo can dispense with the Morila gold mine potential liability completely, then they should be able to sort the DSO lithium issue, even if it means repaying the tax incentives and a fine, no small payment as it has been reported that they received up to 48m dollars in incentives (no duty etc).
However if the Morila issue remains I don't know where that will go.
Like I said this may make any other JV arrangements take a closer look at their JV partners, in our case possibly bring a buyout forward, DMS production or maybe even just before.
We have Fatou in Mali, Hainan may look at us differently, of course the flipside could be Bernard selling off any other Mali interests early to remove the potential liability issue contaminating another site.
George, agree definitely some badly chosen words.
Journalists are underpaid and overworked these days and it reflects in their work. Too many news outlets.
There are one or two high profile success stories which still lure them in, but getting less as the years roll by.
I think the Leo Lithium/Ganfeng situation, depending upon what happens, may be a trigger for change. That could create a push for a buyout and possibly hybrid arrangement.
I can't imagine Ganfeng being happy at present.
Doubling up, yes fluctuations like every other share.
Going well here, like Onlyking says the updates will be interesting.
One frustration here is we don't yet have a valuation on any of the Goldfields, the irony being they could amount to the current market cap which would mean shareholders were stressing about nothing.
But untill we get the first value through we have no idea.
Hope it works out for you at Prem, I have no axe to grind.
In fact I was interested in the technology.
Onlyking, I agree Russia will keep China onside, however also unless the mines can sell to the World, either directly or indirectly through China, the cash cow for all of them is dead.
Daz, I wonder if they will sink the Leo Lithium money into purchasing a share of our mine?
We could both move up the order of priority if the government decided to do that.
Everyone talks as if Mali is different, but the same happens here. Rules are made, consultants look for loopholes and companies make a decision. Go with the legislation 'in the spirit of how it was intended' or take a gamble and push the boundaries. Cases are generally then taken against the companies and an outcome is reached, then that first test case is known in the industry X vs Y. If the government office loses, rules are changed if the government office wins the rest who pushed the boundaries need to dig in their pockets.
The gold guys pushed the boundaries with ore movements and that is what they are dealing with..
The companies like Leo Lithium who were getting taxi incentives from the government pushing the limits had more to lose. I can understand the office still being closed to sort the gold ore offenders out.
Gordon Brown ballsed up and part of HMRC was shut for seven months - didn't know his trusts well enough. This is not isolated to Africa.
Not long before we get the scheduled April update.
When you get this close to production nothing happens fast enough.
But remember the guys on the ground are working flat out on a massive mine site.
Contractors don't hang about and workers normally rely on bonuses to hit the big wages.
Cheers Acker.
Thanks for sharing the information.
Moving the right way for you guys, but another 500 dollars and upwards you can start breathing again.
Very unlucky timing.
Everyone would prefer approaching a peak once churning out material.