TMZ,
My take on that MIA letter was EMR were trying to lock in a fixed royalty rate and to define the rate of import tax on mill components (to stop the royalties climbing every year and customs hold-ups if "extra import taxes" were suddenly levy on mill parts sitting on the wharves not being cleared by customs) - but yeah, it probably did serve a purpose for financing too!
Beanpea,
Hun Sen may well have won the (cough cough!) democratic election - which does provide political stability - but dictatorial regimes have certainly been know to nationalise assets in the past. Just ask any Kingsgate share holders!
That's the sort of sovereign risk I'm worried about. Hope I'm being overly pessimistic and all goes well - but I just wouldn't trust Hun Sen to keep his end of the bargain.
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