Have won Maputo but no news yet on overall results although it's suggested they will still be in power but with a lower majority...there's upto 15 days from voting in which time results can be announced. Who will be sitting around the table of power? And will it help our cause either way? Can the judge/judges be swayed either way?
Long - agree with you totally. I dont think we'll see a steady rise here, on news the share will be suspended then totally re-rated - whoosh. A substantial reward for the punters who have waited for the last couple of years. Lets hope the Moz judicial system can now get it's finger out. GLA
Well, no surprise there then, Frelimo, the ruling party since 1975 looks to be back in again and the main opposition party Renamo are crying about election fraud. Same old same old....it is Mozambique so what do you expect. Anyway, I see this as a breath of fresh air for our shares. In with the new President and out with the General's old mates. His power base is slipping away. Now watch this space with regards to key Ministerial position changes, they will happen - if we see Minister Bias (yes, that really is her name) moved from the Mining Ministry then PFP's shares rocket. It is a binary bet right now and IMHO one worth taking seeing as the upside here could be so substantial on that news. GLA
These elections are the most hotly contested, according to Fernando Lima, a Mozambican journalist living in the capital Maputo. Along with Nyusi and Dhlakama, relative newcomer Daviz Simango, leader of the Mozambique Democracy Movement, is popular among young people.
"The elections will be very tight, no one can predict who will win," said Lima. "There is a possibility that this may go to second round."
The key news to watch out for is if they change the Minister at the Ministry of Mines. I think I am right in saying the current incumbent headed up the women's army under the General - not that I am saying she has shown any favouritism in transferring the licences for her old boss of course! But any change in that Ministry and we could be free and clear - defiantly a game changer that one. Notwithstanding I fully believe the Supreme Court judges will move as soon as the elections are out of the way and any influence from the General's diminishing powerbase recedes.
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