Post by
MaterialsMan on Nov 18, 2024 11:49am
Getting nervous
There are reports that execs from both Resolute and Barrick were, and, or are being detained in Mali's Capitol. Apparently it's in regards to payment or nonpayment of "special" taxes. Read extortion.
Is it time for these companies to count their loses and turn everything over to the junta and the Russians? BTO seems to have avoided the detained part, but I'd be a little concerned about whether this sort of thing might escalate.
After all, if push comes to shove, you know the U.S or Canadian authorities won't come running.
They have too much going on as it is.
Of course the mining companies could get together and hire some Blackwater operatives and pick a fight with the Wagner Group.
But then again the Russians might have some No.Koreans sent there as backup.
It's a jungle out there.
Comment by
Singoa58 on Nov 18, 2024 1:50pm
You dont want a mine in Mali that's for sure.... extremely risky jurisdiction... id be dumping this for better options
Comment by
Singoa58 on Nov 19, 2024 9:40am
The problem is the company shares are so diluted now...1.4 billion shares... I bought ego at 1.15 now 23.00 for a 20 bagger ... chaching
Comment by
Singoa58 on Nov 19, 2024 9:53am
Gooae too expensive.... better to sell it... cost overruns ... maybe sell it to barrick
Comment by
Singoa58 on Nov 19, 2024 9:56am
They should close mine for the safety of workers... they already lost some ... sad sad