So many assumptions there!You expect Mali to give away it's...

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Paulweller66

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16/12/23

06:55

Post #: 71482375
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Originally posted by Gwaihir ↑

Well, Russia has promised to build Mali a gold refinery in 2024/2025.

The Russians are trying to convince the Malian government that they are being cheated on gold taxes and royalties by corrupt foreign international gold companies.

The Mali government will then pass laws that require gold mining operations in the country to get their gold refined at the Mali refinery. ALL gold miners will have no choice. It's going to be interesting to see what happens to the share prices then.

The UK Guardian reported that the Mali government is paying Wagner 8 million British pounds a month for security and materials and other services. Putin is now bleeding the poor old Malian government dry. The Guardian also reported that payment was sometimes made via the gift of a gold mine, but the Russians were also now interested in acquiring other mines, in other resources.

So the Malian government is paying all that money to Putin (and let's not kid ourselves who it's really going to, now the richest man in the world), when the UN and France had ten (10) times more peacekeepers in Mali and it was all provided for free. This had me doing all kinds of thinking, most of it related to (IQ) intelligence quotients.

I would accept 70 cents a share for my Leo shares in a heartbeat.

However, I don't think Ganfeng are going to fall for that one, especially when they probably think they will get them for 20 cents or less when Leo starts trading again.

I do hope the leadership at Leo are at least moderately intelligent enough to have in place, a plan A, B and C, as well as a potential executive transition plan should it be required.

I'd like to know how many of their executive and managerial personnel are actually living permanently in Mali, given the recently advertised HR managers job was advertised as FIFO, but they won't release that information, or very much else.

So yes, I'm hoping against hope, that maybe Ganfeng will make a 70 cent offer - yes please, because I am sick and tired this charade.

Gw

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So many assumptions there!You expect Mali to give away it's biggest money earning industry to Russia just to defeat the rebels in the north?Who says all gold will be processed in Mali?If the refinery is ever built, big if, could it cope with processing all the gold produced in Mali?20 cents or less FFS get a grip.

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
19 Upvote

3 Great analysis

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