The business went bankrupt. It happens. People lose money when that happens, yes contractors and workers, but in this case more so the people that sunk $200 million into it and lost the lot. That meant our share of Goulamina being diluted 200% to new investors. That's personally cost me the price of a Sydney house.
We should have been able to sell the plant to pay off contractors. Or sell the project and have the new owners re employ them. We were illegally prevented from doing either by the Junta. We also foolishly tried to keep the project going to employ the locals instead of scraping it to pay off debts.
Then there's foolishly contributing to local schools, women's collectives, food supplies....
Mali want to get on their high-horse and complain locals lost out - NONE of them lost $200 million and it was their own fecking laws that allowed the former owners to walk off having made a few billion and contribute nothing to the rehab and closure.Also not our fault Then it was the junta's coup that made things difficult to get in equipment, then it was the junta's interference that lead to the project sitting idle the last 18 months.
So if anyone wants to come and call us a disgrace they can GAGF quite frankly.
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