General Discussion, page-8587

Leo seem to be doing the right thing by everyone now, it's not logical to trade without knowing all information. This is why I was surprised they began trading last time, they would have known there would be a sell-off. These negotiations at the moment may have given them more leverage if the price was still $1.14 - and especially if any company was potentially looking to use these delays as an opportunity to lob a bid.

It's a great project, and I'm unsure why the Malian government do not follow the Ghanaian example, and create a sovereign wealth fund and then invest $50 million of it into Leo, because this is the way for them to maximize their investment in a mining project, rather than potentially cumbersome over-taxation. The government of Mali may also be taking advice from the wrong quarters, namely Russia. I hope they are not being duped by the false promise of Russia building them a gold refinery.

We can only be patient, and hope they are on-the-ground in Bamako and having fruitful and honest face-to-face discussions with the new government mining bureaucrats.

Gw