Please correct me if I'm wrong, but doesn't the SEZ have some tax free period or something? Like 2 years? I don't know specifics, please enlighten me, but perhaps they're annoyed about that as tax revenues is clearly a large chunk
And different tax laws, not just standard 35% or whatever
It was a 2 year tax free period to compensate for 10% free carried.
Without having access to the facts and with clarity of hindsight, I still question how we have gone from a well-funded position and imminent ML to almost out of capital and further (decree cancelled, multiple legal challenges, etc) from an ML. Maybe management are negotiating and don't want to show their hand... but as an investor, all that capital we burnt through drilling and paying BOD for an inactive asset, has seemingly seriously weakened our position and opened me up to significant dilution.
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It depends on what the options are of course.
Can you imagine the BoD taking salary over the next 3 to 5 years while we fight it out in the courts? For what ?Without having access to the facts and with clarity of hindsight, I still question how we have gone from a well-funded position and imminent ML to almost out of capital and further (decree cancelled, multiple legal challenges, etc) from an ML. Maybe management are negotiating and don't want to show their hand... but as an investor, all that capital we burnt through drilling and paying BOD for an inactive asset, has seemingly seriously weakened our position and opened me up to significant dilution.
We have to show our hand before we run out of capital (which was the Chinese strategy all along). I just hope I am wrong and NF pulls a rabbit out of a hat.... otherwise I am destined to a 9-5 for another 20 years or so.... unless there is another 25 bagger like AVZ in the mix
True . However some may just like access to their money and the ability to decide what they want to do . The damage is done in terms of trust regardless how this plays out . If we are still at a Brick Wall then a negotiated settlement , whether by pay out or collaborative agreement , is the right way forward imo . I don't know anyone who wants their money tied up in this sh1t show for years to come .
FFS !!! 
35% is correct when inclusive of 5% export tax which all of our curent offtakes will be subject to. Tax rate is 30% on profits made within the DRC.
The amount of tax they are missing on is mind blowing. What would the income be at 20mtpa plus the PLS trains at current rates? We talking potentially hundreds of millions in tax dollars a year when this ramped up to full capacity. I hope Nigel and co have managed to get these figures put directly on Felix's desk. Maybe to understand better they should say that equates to a few hundred Rolex Submariners a year....should get him moving
Cybelle is the anti-Lars.
Cybelle Kamba Kabasu
@CybelleKamba
"Before withdrawing the complaint(legal process) make sure you get what is rightfully yours and if not, go all the way but what is true, the DRC has no money to pay the damages".
Everyone....as per usual
