Hey Siko, thanks for the additional details. To be honest I'm getting a little tired of cheering for Egypt's success when the powers that be seem to be intent on sabotage. Yesterday I read an interview with Naguib Sawiris where he basically said the officials are too afraid to make changes in case they are held accountable for wasting the public's fortunes. He suggested passing legislation to protect the elected officials from prosecution. More legislation, yeah. Good thing we still have… Read More
Cowichan, it's more likely the latter.. The available info is: 1) 15 Egyptian companies have formed alliances to compete for the licences. 2) Mr Taema, president of EMRA, said it was unlikely that 14 companies had applied, refusing to give any details. 3) We will find out the result the middle of May.
It'll be an interesting exercise in seeing what the 'Committees' come up with. - I'll be showing a keen interest in companies awarded a licence, especially the locations of said licences. - They might be worth a punt in the short to medium term. - If there's as much gold as claimed, they could have an initial appeal to 'Gold miming' investors in general. -However, if Centamin is right and ultimately the working of the claims is unviable, that will only be known much later on.… Read More
... the participation of 14 international companies in the bidding of Mineral Resources Authority is an unprecedented success, pointing out that any previous bidding body did not witness the participation of so many companies, following: "The Ministry of Petroleum and the Mineral Resources will form committees, technical, financial and legal, will begin to study The examination and evaluation of offers advanced 14 companies to participate in bidding starting from next Sunday, "the… Read More
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