"They're flat broke and desperate for international investment, yet they allow vested interests to tie up a project that is going to generate enormous benefits to the locals and the country as a whole, on the most spurious of grounds. They hold a 20% stake in the project and are contemplating slapping on a new mining super profit tax."
Kbear1 it's nearly a case of what country is not considering increased taxes on miners? Keep in mind taxes in Kyrgyzstan are very low- just 10% corporate tax and standard royalties.
No argument that they should not allow the project to be tied up by vested interests. We have seen positive progress on that front (no more horsemen vandalsing exploration sites and much less vocal opposition and intimidation of supporters) and hopefully we will see a full resoltion soon.
KGL Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
