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56.5¢ orecorp limited

Ann: PRU: Perseus acquires 15.03% interest in Orecorp, page-31

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Nazgouhl

197 Posts.

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28/11/23

21:59

Post #: 71155899
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Originally posted by slammin: ↑

You are spot on about 2017, that President nearly destroyed the mining industry, thank god that the new President Samia/Samira came in and immediately repaired the situation.
Long term Shareholders were well rewarded for their patience in the end.
Tanzania prior to 2017 was one of the best safest mining jurisdictions in Africa attracting $B’s of foreign investment. That foreign investment is returning now which includes BHP as well as other big players..

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Not quite repaired yet, Indiana (IDA) will know in about 2 weeks time if the Tanzanian government is going to cough up $130 million awarded to them at arbitration for stealing their leases. A good test of the integrity of the new goverment.

ORR Price at posting: 46.0¢ Sentiment: Buy Disclosure: Held
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