TSXV:AXM.H - Post by User
Post by
Dragoonon Jun 18, 2021 1:50pm
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Post# 33412079
Q1 Interim MD&A, page 16 Quote. USD 38 Mln mentioned
Q1 Interim MD&A, page 16 Quote. USD 38 Mln mentionedOn 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.