Ann: Goulamina on Schedule Post Discussions with Mali Government, page-97

Sure but we will be outmanoeuvred at every turn regardless. This is how China does business and a Chinese company backed by the Chinese state, as you rightly put it, will do no favours to Australian investors no matter how good/smart of a guy we/they think Hay is. This re-work of the JV happening contemporaneously with the Mali Govt’s interactions with Leo, review of DSO and discussions over its stake - and with the 17.6% of Leo that FFX holds on the chopping block - is all imo no accident. Quite disappointed that Leo has positioned itself to be put well & truly over a barrel here.