The president is back from the USA.However, the national mining...

The president is back from the USA.

However, the national mining company has not yet been founded, for which the Minister of Mines needs USD 5m, which is apparently not available, nor is there any money available to take the additional maximum 10% stake in the largest mining companies. These investments could be a financially very promising investment, especially given the currently very low share price of the companies.

Why shouldn't Malawi, who own the resources, also get the 10% at 6.35c from GBE?

If not now, when else should that happen? Probably not, or rather less likely with share prices that are twice as high!

Perhaps, and presumably, that could also be the explanation for the predominantly strong decline in share prices of the five companies in question.

However, where the money will come from is not foreseeable and the big question is.

A total of approx. USD 45m would currently be required for a additional 10% stake in the 5 LSMs.

GBE - SP 6.4c - 507m shares - MC 32.4m = 10% AUD 3.2m

SVM - SP 41c - 471m shares - MC 193m = 10% AUD 19.3m

LOT - SP 18c - 1.33bn shares - MC 239m = 10% AUD 23.9m

MKA - SP 26c - 215m shares - MC 56m = 10% AUD 5.6m

LIN - SP 15c - 978m shares - MC 147m = 10% AUD 14.7m

In total approx. AUD 66.7m = approx. USD 45m

It will be interesting to see what the President, the government and the cabinet, presumably and assuming in the near future, want to implement or, better said and asked, can implement at all!?!?

Now that so much time has passed, after the constant "very soon's", everyone in the mining sector is wondering when are the MDAs coming, when are all the points described above coming? How long will it be before the first strategies and prophecies are actually and factually implemented and are no longer just written and talked about?!?!

Merry Christmas and a happy New Year Mr. President, government and cabinet!