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17/01/24
11:01
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Originally posted by WoodySpoon:
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It would be really interesting to know who the Gov's preferred bidder is, and if they are linked to Wagner group, or merely the current Junta and/or whoever the powerful people in Mali are that lost money when Morilla went bankrupt. Infuriating the Mali Gov won't just accept the rule of law and the premise of a limited liability corporation - which is only the foundation of the entire worldwide fking international commercial system. You could imagine the pit would have been in full operation under our bidder for the recent gold price spike if they had, and Mali, the workers and the contractors all would have made good money. In this respect it might indeed be better if they can sell their holding in Leo to GanFeng instead of distributing - so our investment in FFX is at least free of those stubborn and ignorant F-Ws in the Junta.
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Other mining companies in Mali are NOT having these problems. I strongly suspect the F-Ws are in Perth.