TGS 0.00% 4.9¢ tiger resources limited

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  1. 2,797 Posts.
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    ""there is talk of the new laws taking up to 80% of mining profits ""

    Didn't TGS just paid US$111 million to DRC gov.m.c  recently for the remaining of 40% in Kipoi???

    it would be biggest scam in mining history > selling us their 32.5% (40% - 2.5% - 5%)  for US$111m to take 80% back in a few month.


    """
    SEK becomes a wholly-owned subsidiary

    SEK becomes a wholly-owned subsidiary of Tiger as a result of the acquisition.

    A 2.5% gross turnover royalty payable by SEK will be retained by the vendor Gécamines, and Tiger also intends to cede a 5% interest in SEK to the DRC Government to bring the mining title into alignment with mining law and regulations in the DRC.
    """
 
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