Ann: Government of Mali - Update, page-291

  1. 5,013 Posts.
    lightbulb Created with Sketch. 2175
    They, themselves won't. But externally, that is how it is going to be seen.

    On their CV, there's already:

    • Losing control to a $220m gold mine.
    • Selling 28.6m LLL IPO shares for $0.455 per share - losing $7m

    Now, there's going to be another line of, had the ability to negotiation with Mali and to fix any outstanding issues in order to protect their 17% LLL shareholding, yet failed and tried to dust their hands and walked away, and therefore Mali government has punished their only asset, causing a $700m drop in value overnight. With 210.9m holding that was worth $240m, has been reduced to $134m, losing ~$105m in the process.

    I can't wait to see how much longer the instos are going to support them for.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.