Post by
Dragoon on Jun 18, 2021 1:50pm
Q1 Interim MD&A, page 16 Quote. USD 38 Mln mentioned
On October 15, 2013, the Government of the CAR (“Government”) officially acknowledged the considerable monetary losses the Company sustained, which was estimated to be approximately US$38 million, at its operations in the capital city of Bangui and at its Ndassima camp located 60 km north of the town of Bambari. In response to those losses, the Government has consented to a compensation of 50 percent of all taxes, rights and taxations, but did not specify the applicable time period. Given the uncertainty of the Government compensation, the Company has not accrued any compensation.
Comment by
Dragoon on Jun 19, 2021 11:24am
38 mln USD mentioned in Quarter release. Good to remember with the new articles 2nd post/article in French you can translate