MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Agreement with Tanzanian Government to progress Nachu, page-17

  1. 10,912 Posts.
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    How long until the President sees this land on his desk.

    Oh cool further concessions that purport to leave Tanzania with 25% DSE listed ownership, and 16% free carried interest of the company holding the burden of tailings dams and getting paid a small rate of graphite ore.

    Oh what? They intend on keeping all the processed wealth and sending the cash overseas?

    Well I guess I'll be doing an Acacia Mining on this one - international arbitration? Didn't work for Acacia

    And just remember - the President can rip up any agreement he likes for mineral resources whether processed or not. Under The Natural Wealth and Resources Contracts (Review and Re-Negotiation of Conconscionable Terms) Act 2017.

    Tick tock tick tock
 
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