LOT lotus resources limited

https://www.bbc.com/news/world-africa-513691912020 elections in...

  1. 10 Posts.
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    https://www.bbc.com/news/world-africa-51369191

    2020 elections in Malawi has put into power a new president that could raise some issues for the company.

    If you're a shareholder like myself you'll know that the government has a 15% stake in Lotus, anytime theres a change of power in Africa it could set complications for the company as the prior agreements and terms were with the previous ruling party. I'm hoping that a shutdown of the mine is not neccessary in case they want to renegotiate but unfortunately the mine is in Africa, of course just in time as we finally gain some momentum... Welcome to Africa, long ride ahead here.

    Please reply If you've heard any complications.



    https://www.aljazeera.com/news/2020/5/8/malawi-court-rejects-presidents-appeal-against-poll-annulment
 
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18.0¢
Change
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Mkt cap ! $488.5M
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