Governor talks about depegging the pound and what comes next; - Egypt needs to stop obsessing about the exchange rate and focus on building the real economy. - The IPO program for state-owned companies will kick development of the stock exchange into overdrive — and improve the quality of state assets through private-sector oversight
Very important point you raise regarding the water supply market, that is something any potential bidder for the new concessions will have to consider, that's another reason why I don't think anyone will bid on the present terms as they would never make a profit!
What always puzzles me if those making the various accusations regarding Centamin stealing Egypt's gold think it is so easy to get why haven't the Egyptians done so on their own without any help?
Fact Sukari the only world class mine not in the hands of majors, no debt , no hedging, Sukari chosen for it accessibility to water supply not the best deposit. Is El-Raghy playing the best poker hand at the moment -------'could be' ----------chips up from 220 to 380 (in the bank) in 18 months, three chances at buying more chips in developments by own exportation rather than purchasing assets. Politically (Opionion) the gold manipulation is coming to head, gold extraction will drop, paper well… Read More
Very interesting Cowichan, you really couldn't blame Centamin if they start developing mining and processing facilities there as it will probably be easy when compared to the endless obstacles put in their way in Egypt, in fact they could probably have everything up and running before the Egyptian investment law or the court case is sorted!
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