Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From what I’m reading all projects are years away from production yet.. what’s the companies cash position? Anyone else think the recent rise is a bit early as it takes 9 years on average from first drilling to becoming a producing mine... thoughts?
Errrm..
There’s plenty of gold in them thar hills!
Do they want joint governance? like the clay mine that’s just opened up..
Seems to a lamen like me that it’s just a matter of how much we were willing to pay the govt to mine, we were probably told time and time again that we could for X and then when we next went to sign they asked for Y and we told them to foxtrot Oscar... only so long that can go on for surely..
Togo First) - While the country still draws little benefit from its mining assets, the Togolese Revenue Authority (OTR) is leading the way in "maximizing tax revenues from mining activity in Togo".
To achieve this, the Togolese tax authorities plan to upgrade their agents in the control of mining production and the assessment of loss rates during mining. The purpose of the office is to improve the capacity of its officers in fiscal auditing of mining industries.
This OTR strategy appears to be consistent with the new mining policy, the broad outlines of which were defined in the bill adopted by the Council of Ministers which will have to modify the mining code in force. One of the major innovations contained in this document, which Parliament is expected to consider soon, is that fixed rights and mining royalties have been revised to allow Togo to derive more income from its mining potential.
According to available data, in 2017, the overall revenues generated by the sector were around 15 billion FCFA (taxes and royalties) for the benefit of the State and 932 million FCFA for social payments.
Up to the end of April 2020, 73 mining titles had been awarded to 67 companies, according to data recently released by the Ministry of Energy and Mines.
How long till finance info approximately?
I’m still pretty positive, but the delay in ANY news is worrisome...
Maybe don’t want to spoil the big reveal Monday... we can only hope..
To finish the week with a permit... I think we’re going to be waiting some time still though.. :(
As announced on 25 September 2020, the Keras management team has enjoyed a series of constructive meetings in Lomé over recent weeks and the Board looks forward to continuing this process with the incoming government. The change in government is a procedural process and the Directors do not expect it to impact or undermine the significant progress that has been made in both Lomé and at the Nayéga Manganese Project. Management will remain in Togo for the rest of the week and the Company looks forward to updating shareholders in the near term with developments.
You would think wouldn’t you..
Some ******* on ADVFN saying they’ve seen a news release about an announcement tomorrow eve by the new mining minister. I call bullshiiit..
Always a nervous 15 mins
Two big trades from first thing today, if buys why a 10% drop tho? Big sell in background?
So my transfer of shares from HL to ii has just completed. I can’t praise ii enough. Such amazing customer service, the only side which caused a delay was HL, would definitely recommend transferring over.
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