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20.0¢ firefinch limited

AFAIK, any Mali Government buy in will be of Timbuktu Resources...

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bigjig

925 Posts.

96

30/05/19

13:57

Post #: 38825584
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Originally posted by 52570: ↑

There's only really two things that are coming up that might help the SP a little. And that is that in 4 weeks or sooner, the mining permit should be issued and with that we will gain a 10% share holder being the Mali Govt. I'm picking that Mali will want to purchase the additional 10% that they are entitled to do, which could be around the $5mill mark (guess).

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AFAIK, any Mali Government buy in will be of Timbuktu Resources (the underlying Malian entity owning the rights to the deposit), so I wouldn't expect a new holder on the BGS/MLL register. Also highly unlikely (although not impossible) that they would pay up front for the 10% buy in - typically payment of the buy in comes from future profit share.

BGS Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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