Yes I agree, traded most of the day above C$14. Strong volume of...

Yes I agree, traded most of the day above C$14. Strong volume of 1.15million. TSX up 220.98 Copper US$3.69/lb.

I think the important part of the announcement is as follows:
"The position of the government under its proposed terms is that the Dikulushi convention should be cancelled but that the Dikulushi mine project may be transferred to the current DRC Mining Code. The Dikulushi convention predates the current mining code.
By its terms, the mining code specifically "grandfathers"
all mining conventions that predate the adoption of the mining code and provides that the holders of mining rights described in a duly signed and approved mining convention are governed by that convention and not by the mining code."

It appears the DRC govt will breach it's own mining code.

The World Bank had ratified and given its blessing to the Dikulushi Mining Convention, and additionally through MIGA given Anvil political risk insurance over the Dikulushi convention area. Our legal position may well be more sound than the governments.

It also shows how Kinshasa doesn't give a stuff about her citizens. Just give us the money. Oh and backdate it!

I'm looking forward to the conference call early Friday. We should have more clarity by then.

All the best

KKR