RE:RE:RE:BTO downgrades Here is whar the management discussion report on the company website states:
The Company, along with the other mining companies in Mali, are engaged in discussions with the State of Mali to provide input into the proposed 2023 Mining Code. Any new Mining Code is not expected to impact the existing Fekola Mine operations, which will continue to be governed by the existing mining convention entered into under the 2012 Mining Code, and the impact of a new 2023 Mining Code on the Fekola Regional licences is still under review by the Company.
Even this is misleading because saying :''
is not expected to impact the existing Fekola Mine operations, which will continue to be governed by the existing mining convention ' is a bad fit with ' the impact of a new 2023 Mining Code on the Fekola Regional licences is still under review by the Company
If this is what is causing a meltdown in the stock then they really have to issue a press release because a small investor qould conclude it is not material . Is it material when your stock price goes down 50% with great results and most other gold miners are down only 0-15% in the same period.