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07/08/18
11:58
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Originally posted by HeavyT
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Hey mate, my opinion is really summed up as TIA. this is Africa and delays are to be expected, it just goes with the territory.
management are not stringing this out initially, and PEAK wouldn't get involved in something that is not 110% above board.
i believe it'll happen, in these instances patience is a virtue and if you believe in the story there is always opportunity to take advantage of weaker share prices if they appear. i'm tapped out for now and have a nice holding of MRQOB's, if i had some powder free i would be buying the weakness.
but thats just my 2 cents.
i'm waiting patiently.
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The 2015 mining law - Mozambique ML - is very comprehensive and Companies need to follow the rules to the tee..
It is a good mining act and mining licenses once approved are 25 years and renewable.
Here is a summary.
https://iclg.com/practice-areas/mining-laws-and-regulations/mozambique
https://furtherafrica.com/2018/03/2...biques-new-rules-on-foreign-exchange-control/
Cheers