My understanding, correct or otherwise, is that the Ghanian Govt. own 30% past, present & future and this shareholding is in lieu of royalties. So when Lion Gold say they own 76% the reality is that they own 76% of 70% ie 53.2%.
I would love someone to clarify this whole shamoozle.
Like Colcom I'm very wary of LG.
Ann: Board and Management Changes , page-7
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