when are we going MLL??, page-17

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You3OAte

6,444 Posts.

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20/06/19

07:59

Post #: 39144269
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Originally posted by 52570: ↑

Hi 141,

I hope your post is not directed at Me? re the trolling.

I think the name change is positive and your point about us sounding like a SOE is a little disingenuous. As far as I know, Mali will be a 10% shareholder (of our Li project) when they give us the mining permit - which is hopefully just days away. My bet is that they will want to purchase the additional 10% rather soon after that.

However I do take your point somewhat that particularly on this mining permit application - it could have been faster considering they have had all of the info prior?

On the gold. We just don't produce enough yet, to really make a substantial impact on the revenue side IMO. Although having said that, so far the gold revenue has been very valuable to us and has had a positive impact on minimizing share dilution. Honestly , I reckon that Massigui is very prospective. However i'd even go so far as to say that the gold side of our business has suffered from poor management for a couple of years now - but I don't want to go into what might or should have been, now. I'm confident our new board will better manage the gold side of the business. IMO there will be a need very soon to do something at koting.

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Why do posters promote the deception that Birimian is a gold producer? Revenue from gold is welcome but to say we are a producer is being very economic with the truth.

Considering the name change, my view is that management place very little value on gold as a company strategic objective. Maybe do enough drilling to define an attractive resource for future sale.

BGS Price at posting: 12.5¢ Sentiment: None Disclosure: Held
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