Apr. 13 at 1:49 PM
$BGL one of the better articles written by Ghana Media. Lays out the entire case study and how complex this has become..
Fair to say, the Heath and Trafigura deal is a lifeline that will inevitably destroy Heath. The article notes the entire purpose of the deal is to attract additional investors, but the terms from Trafigura clearly state Heath cannot accept other financing.
Now Heath will be tasked to revive bogoso with
$65M or forfeit the lease. It’s estimated to cost hundred of millions just to unfuse the iron ore and pump the 18 levels of flooded levels..
Safe to say, this all builds a much stronger case for BGL in arbitration.
https://www.myjoyonline.com/chaos-where-there-should-be-gold-the-duffours-bogoso-katanomics/#google_vignette