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Ann: Becoming a substantial holder, page-18

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fbx258

6,285 Posts.

1735

01/01/18

07:10

Post #: 29963855
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Originally posted by mineralised ↑

My general view on mining code and taxation changes for places like DRC and Mali - wait for Randgold to sort it out. Proposals come and go but it has to make commercial sense to the players that have invested billions. It is a different situation to Tanzania where they are much much less reliant on mineral exports as a country and could afford to use the mining industry as a rabble rouser. For the DRC they have to play ball, it is difficult to attract skilled operators to the country as it is. But I do acknowledge the copper and cobalt prices for three years prior to this year have really drained the countries USD reserves, anyway hoping the cobalt and copper price surge underway now can start to alleviate that.

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Short term could move funds into those penny dreadfuls in wannabe low grade OZ plays (ex ARL which i like) claiming that they have a chance to mine. Beware all .

In Fairness Congo don't have much of a choice, they need $$$. At least our partners are Chinese, it won't drive them away.

Last edited by fbx258: 01/01/18

NZC Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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