Hi,I've been looking into the same thing - was it Canaccord that...

Hi,

I've been looking into the same thing - was it Canaccord that had the recommended price at $0.25 but with a 50% risk discount (i.e. the SP would be double if the region was AU)? I wanted to understand that 50% discount a bit more.

Anyway, Malawi is known as the Warm Heart of Africa because of the friendly people and, as it happens, the newly elected Malawi Government is very pro-mining. But there does seem to be cause for concern - have a look at this thread on hotcopper:- https://hotcopper.com.au/threads/news-gbe-globe-metals-and-mining-seeks-clarification-on-timing-for-mining-licence-in-malawi.6184001/#post-55071053 and you'll see there appears to be a bit of gamesmanship with the Government.

Briefly:
- Stable jurisdiction with nice people.
- Newly elected Government who are supposedly pro mining.
- There are some Tax changes to last time - PDN had a 10 year deal to not pay tax but that has been rescinded.
- I can't find anything about transport logistics (how does the U get from Malawi onto a boat?)
- The Malawi Government seem to be acting contrary to their pro-mining policy.
- This mine will be a significant contributor to GDP so the Malawi Government should welcome the restart.
- (there's loads of other ESG/PDN related stuff but that's all historical and shouldn't affect anything going forward.)

I don't think there's anything to worry about tbh - Lotus already have a mine, the ministers have already green lighted the re-start in theory, the bloke in charge of Lotus is African, so there's no better person to navigate the nuance of business in Africa, and I think problems being experienced by GBE is more a GBE/Malawi issue rather than a general mining issue .. but it is worth keeping an eye on.