What's the alternative? I see 3 potential situations -
1. Ganfeng got word from the Chinese government that they would block the investment.
2. Ganfeng holding LLLs feet to the fire when they knew they had the power to do so.
3. Ganfeng knows that Mali is coming to target LLL and FFX want no exposure to LLL directly.
I personally believe Ganfeng has so far been acting in good faith towards their partner but could obviously be wrong so it is 1 or 3 for me.
It is obviously not as good as the original but is equivalent enough. It sure is better than the dilution if they came out of suspension and announced a raise for the money at 50 cents isn't it?
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Ann: Goulamina on Schedule Post Discussions with Mali Government, page-607
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