The quarterly report still does not clarify the holdup here.
"they (Peak) did not agree to the in-country value addition and refining point"
And Her Excellency's statement needs clarifying:
"However, because there have been previous discussions and agreements on this and the timetable was already in place,
I authorize the Ministry of Minerals to finalize and sign so that the project can start as soon as possible.”
More questions than answers here.
*is this a last minute push by the Minister to change the "in-country value addition and refining point"
*"I authorize the Ministry of Minerals to finalize and sign". Sign exactly what.
Peak are obviously not happy with something here.
Would be nice to get some clarity.
The market should be kept informed even if providing clarity has an impact on the share price.
Honestly i feel like i am watching a remake of Groundhog day.
{In addition, Her Excellency Samia Suluhu Hassan, President of Tanzania, made the following
comments during her speech:
“There is one company that was to sign today but they did not agree to the in-country
value addition and refining point, hence the delay in signing. However, because there have
been previous discussions and agreements on this and the timetable was already in place,
I authorize the Ministry of Minerals to finalize and sign so that the project can start as soon
as possible.”}
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- this sounds promising
The quarterly report still does not clarify the holdup...
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Open | High | Low | Value | Volume |
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1 | 19996 | 0.205 |
2 | 2550 | 0.200 |
2 | 48722 | 0.195 |
3 | 67000 | 0.190 |
Price($) | Vol. | No. |
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0.225 | 15764 | 1 |
0.230 | 12750 | 1 |
0.235 | 96561 | 1 |
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