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Positive approach to the new rules........

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Walter123

565 Posts.

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22/06/18

10:32

Post #: 33877794
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Originally posted by mineralised ↑

I think its probable there will be some relaxing of certain rules, perhaps in 2019, like the "super stupid profit tax" but the optics of "KABILA VS THE MINING COMPANIES" is too beneficial in current political environment for him to take his foot off the gas, and imagine the fuel he provides opponents if he looks soft. Additionally Gecamines has quite a bit more "negotiating" to do.

My opinion take it as it is: -5% extra equity to government and an extra royalty on cobalt. And super profit tax, not enforceable.

The important thing is our customers are still keen on the country because they actually need cobalt and we are not a stranded co unable to progress without a strategic. Whether its Tembo financial backing or the low capex hurdle for Kalongwe and fast route to cashflow, we can weather most storms.

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Positive approach to the new rules..... http://www.miningweekly.com/article...ne-law-offset-by-price-high-grades-2018-06-21

Regards.

NZC Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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