"The issue with this one is that it is a size that is material to the company," Sullivan said.
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comment:
"Material to the company" does not mean life threatening.
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At June 30, 2005 Resolute reported cash, bullion and liquid investments of A$47.8 million, or some US$35.7 million, technically giving it the ability to pay up.
But a Sydney-based global mining analyst said the issue is potentially a threat to the company, given Resolute's high leverage to Tanzania.
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Sure such an amount would effect cash flow and the existence of the company.
But it need not.
If Golden Pride is only worth 8% (798,400 oz) of RSGs total resouces and reserves (9,927,050 oz) why would you just pull out.
Apparently other companies have been hit with the same bills. They could pull out too then where would Tanzania be.
No money to get the gold out. No company game enough to take the risk. The gold stays in the ground. The government has not revenue. More blacks starving. There call. Who cares.
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