George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Jed makes a salient point in exposing the dilemma we have with Eneo. And being part state owned in a politically corrupt country, I'm guessing they hold a royal flush to our pair. Sadly, in his blind loyalty to VOG, 68 is unable to see this. It's like me suing a homeless person in the county court.
So eneo are happy and able to invest even more money in Cameroon rath than pay company bills they owe like vog.
This shows they have the money when they want it but NOT if it means paying their suppliers what they owe in the hope that vog will go bust and then they want have to pay at all.
Eneo to invest 3 billion CFA francs to transfer 20 MW of electricity to cameroon's northern regions
https://www.investiraucameroun.com/energie/1712-15741-eneo-investira-3-milliards-de-fcfa-pour-transferer-20-mw-d-electricite-vers-les-regions-septentrionales-du-cameroun
So they haven't solved the problem and vog still haven't been paid, that's all you had to agree and you have.
So they are not that brilliant are they.
the way i see it the cameroon government i believe owns about 30 percent of eneo that power station made a loss last year due to consumers not paying for the electric they have used, so the consequences for us is they cant pay us, going to court in my opinion wont make an ounce of difference, you cant get blood out of a stone. and 50 percent of our revenue was with eneo which we desperately needed . back in july 2019 ahmed dik said in a video that all was looking good aksa building a plant to supply energy in the doula region of which would be up and running by december 2020 and we would be supplying loads of gas which has not happened, so here we are 38 customers taking gas which is not covering our costs and i believe we can only go on for so long until we find new customers or ask us for more money, which to me is chucking good money after bad this company should have been in profit by now but circumstances out of our control have put paid to that ie no payment from our major customer.
There you go again defending the new bosses, OK just how long have they been there now about a year.
HAVE they sorted the problem and been paid. YES or NO
NO NO NO NO .
Need anyone say anything else !!!!!!
im aware its africa and playing by the rules does not apply i wrote an article some months back and had my post taken down for using the word cxxxxpt but at the end of the day no money no vog and we here theres an under supply of energy we have gas but no one either wants it or wants to pay for it no company can go on like this indefinately.
I don't know why you worry about being paid for gas clearly vog doesn't, this just show that the gas market in cameroon is much bigger than we supply and can therefore supply many more customers for months and then not worry about getting paid fo it.
This is cameroon and normal business pratice doesn't apply here. they will take who evers products they can and never pay for them. More fool vog.
i dont see what the last 3 posts have got to do with us being paid for our gas and helping us stay afloat .
Dion Ngute inaugurates this December 17, 2020 the Douala Grand Mall, a shopping and leisure center of 50 billion FCFA
https://www.investiraucameroun.com/gestion-publique/1612-15734-dion-ngute-inaugure-ce-17-decembre-2020-le-douala-grand-mall-un-centre-commercial-et-de-loisirs-de-50-milliards-de-fcfa
At the end of October 2021, the electricity production of the Kribi thermal power plant fell by 41%
Business in Cameroon) - The National Hydrocarbons Company (SNH) informs that it has delivered to the Kribi thermal power plant, in the south of the country, 8,286.56 million cubic feet of natural gas, or 234.68 million m 3 at the end of October 2020.
"? This level, lower than the contractual obligation for the period, corresponds to an average electricity production of 127.60 megawatts (MW), or 59.07% of the nominal capacity of the plant, which is 216 MW ?" , indicates SNH. Thus, the Kribi thermal power station saw its production drop by almost 41%.
SNH explains that this drop in supply is partly linked to the context marked by the coronavirus pandemic which had adverse effects on the situation at the plant. Indeed, like the other thermal power stations of the country, that of Kribi experienced financial problems and consequently of supplies.
This corroborates the analysis of the electrician Eneo who already reported in the first quarter of 2020 that the drop in thermal production has fallen "? for insufficient fuel, due to enormous cash constraints ?". This has led to many power cuts in the country, partially offset by hydropower, whose production increased by nearly 3% overall between January and March 2020.
This enabled the Songloulou and Edéa power stations to ensure 65% of the energy supply in Cameroon over the period, against 19% for the Kribi and Dibamba gas power stations, controlled by Globeleq.
https://www.investiraucameroun.com/actualites-investir-au-cameroun/1012-15703-a-fin-octobre-2021-la-production-d-electricite-de-la-centrale-thermique-de-kribi-chute-de-41
Yes. Too, your 6 year old would have done better and not posted such rubbish. Apologies. Brain not working well tonight - new parts needed.
apologies - correct link:
https://www.investiraucameroun.com/gestion-publique/0812-15690-l-etat-reclame-5-5-milliards-de-fcfa-a-gaz-du-cameroun-au-titre-des-redevances-sur-la-centrale-a-gaz-de-logbaba
Don't be silly he's already got at least 5 million
Could be RF68 topping up ? to get to his 100.
Looking at the trades today there have been purchases of 20 and 27 shares @ 0.5p. Can anyone tell me the reason for this as the commission must be far greater than the purchases
Hey, stop squabbling guys - we need a boost here, I still need a reasonable pickup to get money back.
Banjo all over again.
How sad of him.
Looks like it.
Ha Ha So what , I won an award in my street for being the best person to talk to, but does it mean I know what I am doing ?
What does CSR Initiative mean and what did they do that helps the shareholders?
Malbrum. Has your last post been removed? Didn't think it was particularly controversial.
Jed - just to let you know I've asked Admin to post the following message on the gateway to the VOG board so that Saddo68 doesn't have to keep wasting his crummy life posting it.
"Jed sold VOG to buy DEB and TC, both companies went bust. enough said"
That should do it.
Jeez what a PLANK!!!
It's true that we all lose money now and again but you forgot to mention I also bought ITV under 60p and CNA under 40p, AA under 25p, so swings and R. You seem to be the one that cannot move on.