RE:RE:RE:RE:RE:RE:Door Not Yet Closed on CongoYou're living in a dream world, Bloomfield. Glencore can walk. Pick up their picks and shovels and go home to Zug to count their money. It will scarcely put a dent in their cash flow, and they can fight it in court for years if they choose. Deficits will be pushed forward and the price spikes in the metals will cause their cash flow to surge worldwide. The government will be reeling. The DRC would have much more to lose than they, and civil war would probably ensue as soon as the army stops getting paid. The same for MMG, China Moly, Zijin and to a lesser extent Randgold. However, Ivanhoe has everything to lose by walking away, and the DRC has nothing to lose, because there will be no cash flow for years. Firstly, why do you think Platreef has been pushed out so far? Look at the capex, and look at PGM prices. Payback is many years. Where are the bankers lining up to finance it? Ramaphosa is business friendly? How did he make all his money, except through these BEE deals? He is talking nationalisation of white farmers' lands, you know, the ones who are murdered in their homes, sometimes by their own employees? How long before he declares, as Mugabe did in Rhodesia, that the killers should not be prosecuted? The point is, the value is in the DRC. The government knows they can take as much as they like until the company reaches an uncle point and goes for arbitration. And that would be the point of no return. They would never get full value that way, which is why they keep appeasing and capitulating. If they cut and ran, it would negatively impact labour relations, face with the government, and market confidence. The stock would essentially morph into cash box with a litigation option, and would trade thusly. Then financing options would be even less. But no, it's not about the share price, Bloomfield, it's about the fundamentals. The fundamentals have taken a turn for the worse. All the miners are in Kinshasa now for a month. Let's watch this "constructive dialogue" and see how it goes. I hope I'm wrong, Bloomfield, and I hope you're right.
https://www.youtube.com/watch?v=6jpwqWPKAUc