Thanks KKR.Congo Gov't obviously wants its pound of flesh!Market...

Thanks KKR.

Congo Gov't obviously wants its pound of flesh!
Market - ASX - is not impressed.

Anvil valuation has always been based on profits. The "show me the money first" approach.

The new agreement obviously threatens to undermine Anvil's bottom line.
Hence the lack of market support.

Bill Turner has my confidence in anything to do with Anvil.
His capacity to negotiate is without question.
Legal, endorsed long standing agreements are in place.
Bill has a strong platform on which to negotiate.
He can insist on maintaining the present legal agreement.
Then again perhaps the Congo Government is the LAW.
Or above the law perhaps.

At the very least one would expect much re-negotiated terms to reduce imposts on Anvil if an concent to change to the new agreement is to be facilitated.

Will be interesting to see how much the Congo Government is prepared to concede.
Quite a lot - hopefully - if it wishes to retain international confidence.