Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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As I said before, I am ready to reinvest in Egypt when Sisi is overthrown. To that end his demise will be speeded along as the economy collapses, that's unfortunate for the Egyptian population - but that's what dictators bring - just like Putin destroyed Russia.
The UAE deal is far from a silver bullet, $11 billion of the total was already on deposit at the Central Bank of Egypt for over a year. Now it will just transfer to Egypt's treasury to pay some of Egypt's outstanding debt from oil imports from its Arab neighbors.
The bottom line - forced disposal of prime Mediterranean coastal property to further enrich Arab billionaires at the expense of everyday Egyptians is a desperate gasp of air for Sisi sinking beneath the waves of history.
https://www.bnnbloomberg.ca/egypt-clinches-biggest-deal-ever-with-uae-investing-35-billion-1.2038554
Cowichan,
(The UAE deal is far from a silver bullet, $11 billion of the total was already on deposit at the Central Bank of Egypt for over a year. Now it will just transfer to Egypt's treasury to pay some of Egypt's outstanding debt from oil imports)..
Just a few weeks ago, you were posting about how Egypt would struggle to pay the outstanding debt for energy companies, how Egypt did not have the dollars to pay the debt and the possible effects on cutting the electricity for longer periods etc...
So obviously it was an important issue that you felt you had to highlight and made dedicated posts about it to warn people about th forthcoming disaster..
and now, when Egypt gets 11 billions to pay that debt, it's (will just transfer to Egypt's treasury to pay some of Egypt's outstanding debt from oil imports)..
You see my point Cowichan?
I see that we are on two different wavelengths , yes.
I see Sisi enriching himself at the cost of ordinary citizens. He gives away islands that are not his to give. He borrows tens of billions on vanity projects while his people starve. Homeless kids on the streets. Journalists imprisoned by the thousands without trial indefinitely. His political opponents are also imprisoned and silenced. The human rights abuses in Egypt since Sisi took power are enormous. There is no free speech - authorities demand bribes at every level of government. It affects Centamin & Centamin shareholders in ways you definitely already know.
That is what happens when democracy is replaced by a dictator who thinks he's God's special prophet. It's a literal sh*t show in Egypt - that cannot be overstated. What's worse, Sisi is armed to the teeth with Western supplied weapons. What will happen to those weapons , when they are sold to the highest bidder, like oh I dunno, terrorists. Nothing good.
Cowichan the USA does exactly the same using a different slant so the public dosnt catch on.In business and contracts.
How many now in Guantamano Bay gulag with no hope of leaving or very few unless the end their mortal core. :-)
I noticed that every time I reply to a specific post of yours , and talk about specific points you raised, you completely deviate from the subject, and come back with a generalized post about Sisi, who I told you before that I was not going to talk about, and that does not mean by any mean that I agree with him or support anything he does.. and I never said you were wrong about anything you mentioned about him.. but if you raise points in posts that you are willing to discuss, then I'm more than happy to reply and discuss, but if you just prefer to raise points of views and not willing to get in a discussion about them, then fair enough..
I know exactly what life in Egypt is like.. all my family is in Egypt.. and I spend months there.. I'm getting involved first hand with helping the Egyptians in need, and some people here on the BB know what I have been doing for over a decade, and some did help for sometime, and I had a page set up for people to see what's going on, so I know that life in Egypt isn't colourful at all.. I know that very well and I see it with my own eyes..
Motal coil. pardon me.
Pardon me for cntradicting