@nordesmic
Yeah - I don't think it will be the government announcing faster permitting/decreased government stakes or lower tax rates and royalties! So I agree that what you describe is the most likely scenario and the market is thinking the same, I wonder if there any other TSX ASX or other listed resource companies with exposure to Guinea who have announced something similar recently? I can't find any myself.
Pretty much write off and take any profits already made in African jurisdictions now except maybe Namibia and Botswana, seems like many will toss the rest in the bin, or move to a high-risk (coup-proof) speculative mode of investing - as you say Mali, Burkina Faso, Ivory Coast and now Guinea.Will be interesting to see how PRU performs as a bellwether stock, thought I was pretty smart diversifying out of WA gold with all the cost blowouts and inflation by being in WAF PRU and PDI among others with the increasing gold price but obviously this rising gold price has also been noticed by politicians in africa as well so its a shame that the good cost setup and awesome geology will be undone by jurisdictional risk.
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@nordesmicYeah - I don't think it will be the government...
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