Carlos Danger
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If Dathcom have successfully retained the northern part of the tenement for the PE then there might need to be a new decree or an amendment to the existing decree currently covering 139 carrés to legally give them the entire area covering 221 carrés.You mean the company have a problem with the ministerial decree of the 139 quadrants, because cami gave the technical decree for the complete 221? That would mean the MoM made a mistake or had the instructions to do. Or why did she reduce the quadrants for the PE? In this case i think we need of course a new decree from the minister of mines about the 221 quadrants when the company is fighting for it and thats the reason we still have no ML. But that would mean we have to go against that decree to change it for the complete area?
The MoM didn't make a mistake. The reduction was negotiated with AVZ. If anyone made a mistake it was management because Dathcom were legally entitled to it all. However, according to Nigel Mupande said that request came from Tshisekedi but he was later told that wasn't true by Felix when he met him.
Management were happy enough with the splitting of the tenement and proposed joint venture negotiations with the DRC government for the northern part under a 5 year PR in the May 4th 2022 ministerial decree announcement. We traded for 3 days after they told the market. They definitely knew about it beforehand.
What they didn't know was that Mupande and Klaus were scheming to give the northern part to AJN. That's why Nigel resigned from their board a few days after the ministerial decree announcement when he found that out. He should have also sold his shares imo. Hopefully it won't be a potential conflict of interest issue much longer.
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