Great news too for RNU in July with the Tanzanian mining tax...

Great news too for RNU in July with the Tanzanian mining tax introduced, ASX listed Graphite plays being many and varied over there. By the grace of you-know-who, I'm not in anything there. It does show that sovereign risk is very, very real indeed.

The Australian 4/7/17:
"Radical new mining laws proposed in Tanzania have sent shudders through a range of ASX-listed stocks, torpedoing a takeover offer and prompting an unprecedented intervention from the ASX.
The ASX took the extraordinary step of forcing into trading halts almost a dozen junior exploration companies as the market sought more clarity about the impact of the proposed changes.
Under the new laws proposed by the Tanzanian government last week, Tanzania would impose a 1 per cent inspection fee on the value of mineral exports and be entitled to a free-carried interest of at least 16 per cent in all mining companies in the country. Earlier agreements signed between the government and several miners may also be torn up and renegotiated."