The political situation in Madagascar seems to be on the improve with the new Prime Minister taking office on 4 Nov 11 and whose primary tasks is to take the island nation towards elections after two years of political crisis.
In October, the 15-member Southern African Development Community prepared a roadmap that will be used by the Prime Minister to deliver political and economic stability.
Hopefully, this new era will be quickly reflected in the operations and SP of MGY - from the recent QR
"Political Situation
The current political situation is unchanged in Madagascar, with international mediation continuing to assist in the negotiation of an orderly resolution, with the aim of achieving free elections and the establishment of normalized relations with the international community and donor countries. The current situation in Madagascar has the potential to result in difficulties in obtaining effective legal redress. Meanwhile, continuing delays are being encountered in the processing of tenement applications and renewals. If the political situation does not improve there is a risk that the Company may not be able to secure the grant or renewal of tenements on satisfactory terms."
Ciao
R1
Add to My Watchlist
What is My Watchlist?