You do realise that Barrick still have the large Loulo-Gounkoto...

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06/09/20

00:37

Post #: 47118248
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Originally posted by tendoji ↑

Chinese news organization doesn’t count?

Considering that CCP China is the most entrepreneurial clan in the world, and in Africa especially, it matters profoundly what a SOE Chinese news organisation states.

You can certainly forget the lithium with Chinese backing interest for a while. And General Lithium has already walked from a mere MOU, so perhaps the DFS news is not so company making? I’ve never seen you on here questioning the full flotation methodology, but very quick to turn up for the punt with gold.

Bottom line is, management here was much slower to respond to the coup compared to Kodal. It suggests management here find the coup a clear irritant to be slow to update, that is only on the 26th, 8 days after the coup was executed.

A “rapid return” to stability goes against what is clearly apparent, that is uncertainty is growing.

For example:

https://www.dw.com/en/was-russia-behind-the-coup-in-mali/a-54705282

US suspending military ties with Mali can’t be good for Western companies. EU still there but Russia is being mentioned.

I doubt Barrick would ever mention the negatives for selling beyond they are big company and a bit sloppy mopping up rabble. That’s still company making here, but a company desperate right in the middle of a coup. Surely they could wait?

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You do realise that Barrick still have the large Loulo-Gounkoto complex in Mali, don't you?? It is not like they are just getting out at any cost.

There is no doubt there is sovereign risk by being in Africa anywhere, however that is why the share price is as low as it is, the market has already factored in sovereign risk.

The company would be multiples if their lithium deposit was in Australia. Given the sovereign risk, if this deal works out then on a risk/reward basis there is tremendous upside potential because of the low starting price.

MLL Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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