BSE 0.00% 26.5¢ base resources limited

This was one of my fav stocks, however the kenyan govt appears...

  1. 539 Posts.
    lightbulb Created with Sketch. 9
    This was one of my fav stocks, however the kenyan govt appears dogged in their attempt to hamstring the company and larger sector in general.

    http://www.reuters.com/article/2013/08/05/kenya-mining-idUSL6N0G61T520130805

    "For rare earth, niobium and titanium ores, royalties would rise to 10 percent of gross sales value for from 3 percent previously"

    There are issues with security and sovereign risk impact is now raising it's head again. Seriously great story, great project with never ending local impairment.
 
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