RE: Patience15 Mar 2024 08:32
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.