May. 12 at 5:06 PM
$BGL I'm a bit confused on the bullishness if someone could enlighten. From what I see BGL won a ruling oreventing Ghana from splitting the case up in parts and then delayed their webinar bc of legal liability bc Ghana won the right to pursue contractual remedies. They don't wanna give ammo.
The narrative of HGL being a broke and failed operation hiring illegals got thrown away. They got a
$65 mil debt financing package to revitalize the Bogoso-Prestea mine. They also have Trafigura committing to purchasing 700,000 ounces of gold valued at
$2.8 Billion from the mine.
Seems like BGL is extremely unlikely to get the mine back and is simply hoping they might get a settlement.
