General discussion, page-9625

  1. 7,261 Posts.
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    I don't know what happened with the rest ... .. .. but,

    The ******** contract which is to be entered into between ****** ******** and the Company's Malian subsidiaries is in a form consistent with industry practice.

    The entire paragraph:
    The Company has agreed to grant ******* ******* the right to bid for all ******** work which any of the Company's Malian subsidiaries (including Morila SA once completion of the Morila Transaction has occurred) may wish to undertake in Mali for the period ending 30 June 2023. ******* ******** will be awarded the contract to undertake ******** where ******* ********'s quote is competitive with the quotes of other parties. The Company has agreed to guarantee the payment for work which ******* ******** may undertake for the Company's Malian Subsidiaries.

    BUT, the BOD / Managing Director were adamant, there are no parent guarantees?, this is one instance I have stumbled across -- I have also uncovered another directly related to BGM (wholly owned subsidiary) possible liabilities.

    cheers


    Last edited by fooca: 06/12/23
 
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