Ann: Clarifications on suspension and AFR articles, page-98

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12/02/23

10:58

Post #: 66200847
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Originally posted by Ginger7: ↑

When are Aussie companies going to realize that " facilitation " payments to third parties in Africa, and Asia are money down the shitchute and carry the risk of being seen as bribes by regulators. Remember Sundance? Generally if these " facilitators" ever had any influence with decision makers this can change as it is every man for himself. I still have horrible memories of sitting in an office in Lubumbashi listening to a lawyer we had retained telling us how much we would have to bribe the judge. And another amusing situation where the Minister of Mines in Guinea told me " Mr R , of course your company will never win a court case in Guinea, the judge needs money, the huissier needs money, everybody needs money, and the company C** is the only one with money. But a million bucks!!!??? Who was (mis)managing this? Looks like the wrong " facilitator" was paid off

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That other company you mentioned was another case of management,taking over 10 years to even try to get finance and GREED again taking control......IMO.....?
Another AUSTRALIAN company has taken over that said project....lol Also progressing very well...imo

AVZ Price at posting: 78.0¢ Sentiment: None Disclosure: Held
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Ann: Clarifications on suspension and AFR articles, page-98

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