Ann: Government of Mali - Update, page-244

  1. 7,289 Posts.
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    My apologies, it certainly wasn't the intent (I should have elaborated more) on those quotes, but in essence it was observations of changing sentiment of some narrators.. .. .. .. ..

    @MM0 re: post (LLL thread)https://hotcopper.com.au/threads/general-discussion.6733915/page-7166?post_id=69708684

    ~ the way the respective company's and the Sate of Mali setup the payment for the optional 10% stake, specifically the B2Gold loan .. .. ..
    ** would this explain the "intercompany loan" of US$37,284,417 that was in Firefinch's Annual Financial reports since acquiring Morila SA - a carryover from the acquisition -- B2Gold do not refer to it as an intercompany loan but it is a loan nonetheless.
    ** was this amount itemised in the deconsolidation? I struggle reading the mumbo jumbo in the Financial Reports .. .. ..
    ** this outstanding loan (now written off?) would make Firefinch Limited the largest creditor of Morila SA?
    ** the A$150M + on the development of the mine? (deconsolidated amount) falls well short of the cash raised/gold sales circa A$500M, what am I missing?

    ++ but yet somehow the Government seem to think we owe them more? WTF am I missing here? ? ?
    ~ other than the never ending hands out for local communities?

    Out of interest (maybe) I have a copy of the original concession but, it isn't very clear AND you need to be able to read/translate French rolleyes.png
    Tax dispute:
    ~ Randgold paid the Government of Mali $25M in an advanced tax payment, on the premise that they could continue negotiations relevant to the tax dispute!!

    cheers


 
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