RE: Solgold Company Secretaries31 Aug 2023 14:13
On another note. Not directly associated to solg, but showing how precarious investments in volatile environments are.
FMG have in the last month or two started production at their new mine in Gabon.
Forged a solid relationship with the president Ali bongo. ( I've not made it up its his name).
1 week after he wins the election, everything is rosey.
Then yesterday military deposes him, and takes over the country.
Seems to be a bit of a domino effect in Africa at the moment.
I wouldn't like to guess how many billions are tied up in Gabon for fmg. Fortunately the divi was announced before the military coup.
Maybe food for thought for those on here who post essays, on what they think, and their hunches and theories, like I said 4 months ago, when ridiculed, stormy waters lay ahead. As in all exploration companies.