Post by
MaterialsMan on May 17, 2024 2:23pm
Bad news/Good news
The military rulers in Mali have begun to implement the new mining law.
A large lithium operation will be operated by a Chinese mining company. The Malian government will get 35% of the action up from 20%.
This sort of thing may start hitting close to home.
The good part is that rather than just taking possession of the mine from the previous owner and giving it to the Chinese, they allowed a sale.
So, this gives me hope that B2 might be able to monetize its assets if push comes to shove.
Surely there are plenty of Chinese gold mining companies that would be all over it if the opportunity were there.
In comparing B2's balance sheet to that of other companies, I find that B2 is head and shoulders above many others.
IMO, it is way underpriced primarily because of the Mali situation. If B2 can escape with some renumeration, I think it will be in the shareholders best interest.
Comment by
Singoa58 on May 17, 2024 2:34pm
Its the beginning of the end.. look for haircut soon EGO up 1.00 today with mines in safe jurisdictions plus a divy announcement soon
Comment by
MaterialsMan on May 18, 2024 8:37am
A look at what the pundits have to say about B2 shows that it is perceived to be one of the best buying opportunities in the industry. Interestingly, of all the recommendatios I read, not one referred to the geopolitical situation in Mali. Maybe it is being overstated.
Comment by
Singoa58 on May 18, 2024 10:32am
Analysts are like home inspectors Anyone can be a expert lol their rating or buy /sell recommendations mean nada girls
Comment by
Blunty1969 on May 20, 2024 9:01am
This is very true you get one out of 10
Comment by
Blunty1969 on May 20, 2024 9:10am
Your right on the Mali project, only reason why I haven't made b2 50 percent of my gold position, but I place my bets mostly on management, and I think this management really knows how to take the best out of there existing properties