Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Https://maritimafrica.com/en/papn-construction-of-two-maritime-quays-progressing-perfectly-and-could-be-completed-by-september-2024/
This quay is intended to accommodate cereal ships and other bulk carriers, as well as mineral ships in anticipation of the resumption of activities in this economic sector.
Thanks for this. Crap day sp wise but evidently this is not a lost cause.
Information released a few minutes ago the Ministere des Zones Economiques Speciales, held a video conference discussing the projects at Pointe Noire SEZ.
Mining, Steel and mineral port ;-)
"During a video conference held on Tuesday, March 26, 2024, the Minister of Special Economic Zones, Jean Marc-THYSTERE TCHICAYA, met with Madame Adama Dian, the resident representative of the UNDP, accompanied by several experts. The meeting sought to discuss the CAPITAL concept project for Congo, an effort to support the ZES, introduced by Ms Sandrine LETENO of the UNDP. The discussions covered four main topics: the effective implementation of the Pointe-Noire ZES, the development of a strategic plan and roadmap for the operations of the ZES, the initiation of learning missions within the ZES, and the development of a strategy for solar energy.
During these dialogues, the Minister of ZES showed great receptivity and stressed the size of the area, which covers an area of 2940 hectares. This extension is planned to accommodate various projects, including a mining, steel, and petrochemical complex, tourist activities, and a mineral port, thereby reflecting the diversity and ambition of the project"
https://www.facebook.com/zes.gouv.cg
Maybe if people were looking in the right places you'd be more quietly confident..
C’mon Moneyman have some courage of your convictions.
They haven’t missed anything yet or broken any promises.
Looks like more disappointment,missed deadlines and broken promises -if any significant was imminent the shareprice would not be bubbling along circa 7p
Besides, the company has "leaked" (RNS's) as to what they are doing but nobody (the market) believes it anyway..
If you want hallmarks, buy a greetings card 😁
Hmm 🙁
Doesn't bear the hallmarks of a company about to announce substantive major news.
I know they run a very tight ship but there would surely be leaks with so many parties/countries involved.
I so hope I'm wrong 🤞🏻
Jiving, ATG,
You are quite right about the legality of an MoU but I think we have no chance of a full investment approval. I know first hand the difficulty of sticking to a timetable when lawyers are involved.
In my experience with this BoD over the last decade, we will miss both but I sincerely hope you are right and I am proved wrong.
Good luck both.
ATG. Obvs none of us know, so we are just chewing it over. But I think that the 28 March as last working day of Q1 would be the excuses RNS, as to why they didnt get a Strategic Investor ("SI") MOU in Q1. Any SI MOU I would expect to be announced at an event in Saudi attended by big shots from Saudi, Glencore, ZIOC and possibly some of the other MOU institutions, with an RNS would be released in parallel with this event. This would be a big deal for the Saudis meeting their strategic iron ore target & also showcasing their first big African greenfield development. So I see Tuesday & Wednesday as most likely remaining dates for an SI MOU event/RNS, with Thursday being left for the excuses RNS.
I am expecting the MOUs's on Thursday.
This what the Nov 23 presentation said..
"Strategic partner agreement
• Discussions re-launched in Jan
2023 (post acq’n of 100% control)
• Targeting MoU with selected
Strategic Partner
Q1 2024"
So they need to wrap this up, 14 months of discussions for a basic MOU level agreement..
DealBreaker, Elphick has publicly committed to a Strategic Investor announcement by end Q1, so he is the one giving that target date. Of course things can change but some kind of timetable discipline has to be imposed on this type of talks, otherwise there is constant prevarication. Also an MOU is not necessarily legally binding, actually I was hoping for more and expect the new full FS to be presented in parallel by our new CEO.
One other thing occurs to me given the actual end date of Q1 is Sunday 31 March. There are no Easter holidays in Saudi & I believe Sunday is still the start of the Saudi working week, so theoretically they could still be negotiating or even sign a deal on 31 March & RNS on 2 April.
I think we could get something on Tues or Weds. Thurs makes no sense.
Whilst I am sceptical it will be an MOU, simply because it cannot be timed to suit us, I do think it would be reasonable for the CEO to provide an update after 3 months in post.
GLA
Anyone else keep pressing refresh...I thought Monday morning made sense for news. Looking like a discussions are ongoing RNS late in the week now imo.
.."Everything crossed for this week!!.."
Absolutely - and a short one at that.
GLA and ATB
Everything crossed for this week!!
Driving I sincerely hope so, if not I will buy you a pint at the bowls club mate
But this time really does feel different.
We should at a minimum get news on the glencore loan, and subsequently shard placement news, as well as a update on project progress.
Want to wish all of us good luck that this project finally gets going after so many false starts.
A big week ahead & hoping for some fireworks!
We must be close to news now, I have been here for so long , i am just hoping I am not here long enough to find myself wearing elastic waisted fawn trousers, stinking of wee up at the bar in the bowls club.
Depeches has followed up its recent report on rising electricity 'load-shedding' [ great euphemism, btw : makes it sound like there's too much bad stuff !], with a report that the same failure is evident in the capital's water-supply :
DRINKING WATER
Taps running dry in Brazzaville for weeks
In almost every district of the capital, not a single drop of water comes from the taps. Crowds are gathering in front of
boreholes and other drinking water points.
The Congolaise des Eaux (LCD), the company that produces and distributes drinking water is silent about the situation, which which is having a serious impact on household and businesses".
Borehole managers now employ supervisors to prevent overflow. "People rush in, arguments break out to the
to the point of brawls. A 25 litres costs 100 FCFA. I instruct the supervisors to make sure that everyone has
five cans," says Pierre, owner of a borehole.
People of goodwill are offering free water to the population. In this case, the difficulty lies in crowd control.: "I have guards who, from time to time watch over the facilities . The population is free to draw water at any time of the day. At night, the guards turn off the taps", says Dominique.
The lack of drinking water is becoming a recurring to the point where some residents are getting their water from rivers such as the Djoué and Djiri rivers, with the risk of diarrhoeal disease. The time has come for the public authorities, who have invested colossal resources in the sector, are tackling this situation, which is only set to continue."
I'm faintly surprised that Depeches gets away with unfavourable reporting like this.
GLA
Hi Jiving,
If there are any health concerns re Big Den ( the C-B opposition have referred to his UAE visits" to his bankers and his doctors", I'm pretty certain Abu Dhabi (and the Chinese?) would know about it . They probably know more than Big Den himself does ;-<
.."IRH/IHC is the investment vehicle of Sheikh Tahnoun, UAE national security adviser..."
This from 3 years ago :
ttps://www.intelligenceonline.com/government-intelligence/2021/01/27/abu-dhabi-s-spymaster-fashions-local-palantir-20-with-chinese-help,
.."Spotlight | China, Israel, UAE
Abu Dhabi's spymaster fashions local Palantir 2.0 with Chinese help
Group 42, the AI company controlled by Tahnoon bin Zayed Al Nahyan has all sorts of connections with Beijing. [...]..."
ATB
Hmm, rich or disappointed maybe. Wouldn't surprise me if we get a statement saying things are progressing well bla bla rather than shafted. Surprisingly for AIM this isn't a leaky share but I would have expected news by now if it was going to be the 1000% RNS we are all hoping for. Life goes on. Your health is the most important.
Is a week of destiny for Zioc shareholders.
Either we get rewarded for years of patience and belief.
Or we get shafted.
Hedging their bets, I'm reminded that Jindal Group also picked up Vale's coal assets in Mozambique, recently...
https://www.clbrief.com/indias-jindal-group-buys-vale-coal-mining-assets-in-mozambique/
as well as these
https://www.jindalafrica.com/operations/chirodzi/
If you buy the argument that the West wants to disengage from China (in so far as possible), India might well be a beneficiary : not as good as 'on-shoring' or 'near-shoring', maybe the next best thing ?
Geography works in its favour, in a way that it doesn't for China (shipping chokepooints), as does legal system and 'embedded' diaspora ......quite apart from the better demographics.
Ho hum