Yes, that's the way I also read it Chrisman.
Effectively, the state is doing whatever it can to acquire another 20% of a project for effectively very little indeed.
They won't have to pay anywhere near the market value, just a percentage of the research and feasibility and a small amount of interest, so for example, if Leo was $2 a share, the state might demand it possible to buy another 20% of the project for something like 40 to 50 cents a share, and on top of that, the local community has to be consulted on all development plans and receive funds for community development projects, and jobs. There are a lot deductions that the state is claiming from the market value in order to effectively grant themselves another 20% of a project. Go luck to the Leo management when they try and negotiate these things with a Junta.
It reads like a very harsh code for developers and miners unfortunately, but let's wait and see what happens next.
Gw
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