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Maigret1

1,530 Posts.

435

10/10/16

00:34

Post #: 19733777
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Originally posted by ozblue ↑

Thanks Joseph...
"My sincere advice to you is, BGS is not company for you to invest right now or in near future"

But I'm doing just fine without your advice, and a little hint, you are not allowed to give advice on HC nor ask for it.

I would just like to know why this issue should not have been raised? It is very relevant to BGS the fact that the company BGS had hopes of selling/doing a JV with has just had all it's assets seized by the govt.

Why don't you want people to know this? It was reported by Reuters so should certainly be looked at as an issue. We know that Randgold and the govt have had different points of view over what is owed or not, but instead of using the courts or whatever system, the govt has quite suddenly grabbed all Randgolds assets in the country. It becomes very hard to discuss business with a company that can't get into their offices etc, and you think that Randgold would be thinking of other things than doing a deal with BGS, so the cash that I was talking about earlier in helping the company get the mine going, is possibly not going to be seen in the short term at all.

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Come on mate, be realistic.

Do you really think Randgold and Mali can't discuss with each other due to the fact that offices are closed now ? That's weird...

And yes: Randgold will think about doing a deal with BGS right now !

Bristow's lawyers want to reduce the tax debt. Therefore they will present the future contribution of Randgold for the country in rosy figures. A future contribution with further 400k+x oz production looks definitely better.

It could well be that this open tax issue was the reason for the Morila deadlock in the past.

Now Randgold and Mali have to find a deal asap. And a deal with a extension of Morila lifetime will be a better deal - for Randgold and for the state of Mali.

BGS Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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