Sure China's chequebook diplomacy is the risk, but as TGS has been diligently exploring and finding new mineralization not previously known, I think all mining companies will be stunned if they TGS keep their licences.
There are a few of dodgy operations over there, and some are on the ASX that might lose their licences as they have ceased exploration in the light of the review.
TGS is one of the few showing faith in the legality of the process knowing it's contracts were not signed under dodgy circumstances, so hopefully that will be rewarded.
The alternative is that no company/bank will finance any project in the DRC. No company/bank except Chinese that is!, and I doubt the DRC govt would want to be in that position, no matter how large the cheques are.
TGS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
