ANS austsino resources group limited
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UPDATE ON LEGAL PROCEEDINGS AGAINST CONGO, CAMEROON AND AUSTSINO, page-6

  1. DVEous
    3,227 Posts.
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    21/07/22
    22:32
    Post #: 62663936
    Cameroon is an awkward position.
    What about those 20,000 jobs?

    https://hotcopper.com.au/data/attachments/4524/4524895-5fc2248110d321986e1ec086d3f6ead2.jpg


    Payout was estimated to be ~ $132M.
    This represents ~ 1.3% of the expected $10B cost of the project, so relatively insignificant.

    https://hotcopper.com.au/data/attachments/4524/4524898-e584b2b4502a93805e5ba4891dcb3867.jpg


    At the end of the day, Biya got what he wanted... but how does he tell 20,000 Cameroonians they may not have a job for years?

    https://hotcopper.com.au/data/attachments/4524/4524900-a21286e1dd90ced2769369a204094ed6.jpg



    Last edited by DVEous: 21/07/22
    ANS Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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