""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.
"""
TGS Price at posting:
5.1¢ Sentiment: Hold Disclosure: Held