Thats true, so ive been buying as well not large amounts but yes am building up a nice stake here,ive bought into : shg,elr,ore,solg,solo,aqp,and am looking at pgd atm,think they have got some good movement forward now adding a new gold mine and moving onto producing approx 200,000 ounces of gold per annum,with elr they have got big issues with labour control and production,but ive got a good feeling that aqp may look at taking over them over in the short term future as aqp have strong fundermentals and if results are good tomorrow they will look to invest further in Africa,plus platinum is ready to move up in value as the demand for catalyis convertors to cars will increase due to the European legislation for more investment for the production of convertors to help the environment will be funded by the European legislation.
In Somaliland you will find Genel and Jacka, in Galmudug you will find Liberty Petroleum, and in Puntland you will find Range, Red Emperor, and Horn Petroleum. Off the shores of the recently-formed Jubbaland federal state, you will find Cove and Anadarko digging around where they shouldn’t be. Likewise, there are also disputes between the two more quiet states in the north. Puntland’s most lucrative oil block, covering the Nugaal Valley basin, bleeds into territory claimed by Somaliland and also a smaller, lesser known regional state known as Khatumo.
While all of this is playing out, the Somali federal government based in Mogadishu has thumbed its nose at what it sees as vain attempts at self-determination by politically toothless regional administrations. While oil splits Somalia one way, it unites the country in other ways. This week, the Somali president Hassan Sheikh Mohamud is in the Puntland capital of Garowe, which is the center of Somalia’s controversial oil debate. With funds from Qatar and promises of reconstruction from Turkey, the Somali president hopes to smooth relations with his counterpart in Puntland.
The government in Mogadishu has also serves as a peacemaker between the northern administrations, which had been continuously warring since 2003. For the first time in a decade, there is a Somali leader who sits with both parties as both a reconciliatory agent and an overseer.
Somalia’s peace is very crucial for the Arab league, especially rising star Qatar which is a major shareholder in Royal Dutch Shell plc. Former beneficiaries of Gulf investment, like Syria, Lebanon, Tunisia, and Egypt — are all reeling from intense political disruptions and all-out warfare, and states like Qatar, the UAE, and Kuwait are looking south now. As North Africa and the Levant continue to burn, there is a surge of optimism in the troubled Horn of Africa.
At the center of all this commotion is Somalia’s controversial oil deals, which garnered massive traction following Puntland’s first exploration wells in over twenty years in January 2012. For months, there has been an uneasy tension between Mogadishu and Garowe, and now the unease is joined by the administrations of Somaliland, Galmudug, and Jubbaland as all parties race to secure bargaining chips in the future Somalia. Amid these hairsplitting confrontations may be space for compromise come the May 7 Conference on Somalia being held in London.
It is without any doubt that the only reason Somali parties speak to each other today wrests entirely on the energy bargaining chips held by the respective parties involved in the ongoing reconciliation process.
Thank you ,really good information given from am sure someone who has bought in here,i will continue to build up my holding here and hope to see you on one or two of my other shares am invested in,many thanks for info,nice to see there is still an honest bunch of people still on here,the derampers will always turn up ,but the fundamentals are here for the short/long term future so am quite happy to stay as long as needed,a few may think ive only been around a short while but ive been around about 4 yrs now so ive got a pretty good idea who knows what share dealing is all about ,Dogpog comes to mind,hope to chat soon my friend.
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