BTOs West African ConundrumWest Africa is a real mess particularly Mali and Burkino Faso. BTOs value is from Fekola and that is a major problem. To their credit they have managed this risk well and more recently we have seen exploration permits come through however the other countries have shut their borders to Mali and the army does not seem to want to let go of power. All rosey now but we need to tread carefully.
My guess is that the Clive is seeking ways to reduce his African exposure not by building a new mine in Columbia but to acquire/merge with a producing asset/company. Centerra, Oceana, Alamos, SSR, Equinox. One of these companies and if I was to bet, I would say Oceana as they have their philippines operation back.
Thoughts?