RE:RE:What We Don't KnowCass,
I do agree this isn't good news. Kabila may call the shots in the DRC, but miners in general and IVN in particular, control the flow of investment funds. No investment, no tax revenues. That said, I'm actually not sure what this means. And judging by share price action, neither do traders. Will they have a base case mining law, and then cut separate deals on a case by case basis? Will they honour existing agreements? What assurances were provided to the Company? Are those assurances in writing? None of this is known from the Reuters news release. Beyond that, the government needs money. Scaring off all investment funding isn't the best way to generate tax revenue.
The Company is in a good position at this point. They have yet to commit construction funds to either K-K or Kipushi. They have not invested in rail or hydro infrastructure. What the Company has is a detailed plan. Just as with Platreef, they are free to execute that plan at a time of their own choosing. Completion of feasibility will require the rest of 2018. Post election, management can decide how to proceed. They'll see what the government is prepared to offer, and then respond accordingly. In the meantime, Platreef will require serious financing. It's like a chess match. If you're blocked in one direction, then move players somewhere else on the board. You can only do that if you have three projects in two separate countries.