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groundhog2

2,135 Posts.

175

06/03/23

06:29

Post #: 66615513
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Originally posted by AWildOne: ↑

Nah not ridiculous at all GH. And I understand that this may take while to work through. We don't even know where it went wrong. Maybe someone at PMC pocketed the payment for all we know.

But that's just it. All we 'know' is the side of the story being painted by the tribes, our business partner and a bunch of people around here with a known agenda.

A couple of simple statements from the board and yeah I might be happy to wait the issue out. But we've gotten nothing - either in relation to the missing payment or the missing half-yearly.

Sorry my bad. We did get something. Having our entire company blackbanned from even entering the district our mine is in was glibly referred to as a mine operational issue. That's just treating us with contempt

Is this how they treated the "repeated demands" for payments from the tribes. I could then understand why they went straight to persona non grata after our first missed payment

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I suspect the royalty rate was determined during the early days of Medusa. Does anyone know how the royalty rate was calculated and what the rate was / is? Quite obviously in the early days the price of gold was much lower than it is today. This may be part of the issue. DYOR

X64 Price at posting: 57.0¢ Sentiment: Buy Disclosure: Held
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