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.
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