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A power failure plunges the Cameroonian capital into darkness and disrupts water distribution
https://www.investiraucameroun.com/energie/1003-16076-une-panne-sur-le-reseau-electrique-plonge-la-capitale-camerounaise-dans-le-noir-et-perturbe-la-distribution-de-l-eau
Not assuming
In addition another Groupe Castel subsidiary, Societe Camerounaise de Verre (SOCAVER), a
glassmaker and bottle manufacturer, has ordered the burners and boiler parts required to refurbish and
convert its furnaces to natural gas by the end of the year. SOCAVER has an estimated gas consumption
of 0.4mmscf/d.
https://www.gazducameroun.com/wp-content/uploads/2017/03/RNS_SABC.pdf
Apologies, that was warbaby on Advfn BLVN.
not likely to be anyone else's.
so im assuming its our gas that there using is that right.
News expected one way or another on this by the end of the month.
Thanks to Warbaby on Advfn VOG.
'Counting down to 31st March - RNS of 5th February 2020: "Under the terms of the LOI, VOG and New Age will seek to enter into a gas supply agreement ("GSA"). The LOI envisages that New Age will supply processed Gas to Gaz du Cameroun S.A. ("GDC"), a wholly owned subsidiary of Victoria Oil & Gas Plc, at Limbe. GDC would then transport the gas to Douala The LOI anticipates that the GSA would be for a period of 20 years and would see New Age supply a minimum of 25mmscf per day of gas to GDC for the first three years, increasing to a minimum of 30mmscf per day. The LOI remains in force until the earlier of the signature of a GSA or 31 March 2021. Ultimately, finalisation of the proposed GSA terms and conditions is directly linked to the Final Investment Decision ("FID") in relation to the Etinde field development project." The Aksa project has been bobbing around for a couple of years, but as to whether it ever gets off the ground, place your bets now. Indeed, it might very well suit the JVP if both the 150MW Douala plant and the putative 350MW Limbe plant bit the dust.'
one of our clients:
https://www.lesbrasseriesducameroun.com/fr/nous-connaitre/le-groupe-sabc-en-bref/socaver
Socaver had to renovate its number 2 oven, to boost its production capacities. Which capacities thus increased from 32,500 to 38,500 tonnes of molten glass per year, up 6,000 tonnes, we officially learn.
https://www.theafricareport.com/68732/cameroon-the-rivalry-between-douala-and-yaounde/
and the moral of the story is ?
(Business in Cameroon) - Despite the growing demand for drinks packaged in plastic, glass packaging continues to have a prominent place in the agro-food industry in Cameroon and abroad , especially in that of beer. As proof, in addition to providing glass bottles to all brewers and other agro-industrial units operating in the country, the Cameroonian Glassware Company (Socaver), the only company of its kind in Central Africa, has an important market. abroad.
From internal sources to this subsidiary of the SABC group, the leader of the brewing market in Cameroon, each year, Socaver sells more than 50% of its production for export. Indeed, despite the overlap of plastic packaging, the glass packaging business remains all the more juicy as in 2019, Socaver had to renovate its number 2 oven, to boost its production capacities. Which capacities thus increased from 32,500 to 38,500 tonnes of molten glass per year, up 6,000 tonnes, we officially learn.
https://www.investiraucameroun.com/industrie/0903-16072-malgre-la-mode-du-plastique-la-societe-camerounaise-de-verrerie-vend-plus-de-50-de-ses-emballages-a-l-export
Long over due news on this share. Oil price doubled nearly since last RNS. What’s going on?
2 main questions come to mind here, if he has so much experience why has he come to vog and done so little after a year.
Second, why has he NOT yet bought any shares to show confidence in his plan that he has NOT yet shared with all shareholders, is it because he is planning a very big rights/ placing that will dilute everyone already invested and plans to take part hiself in that placing so he is not diluted.
3CB, whilst I agree with your comments on Kelly, I'm still yet to be convinced he has our best interests at heart. Considering he has had his feet under the table for about a year now, we have heard very little from him and what his plans are. One part of me wants to believe he is doing lots behind the scenes, yet he is keeping it extremely quiet. The other side thinks there is something else going on, which will see us shareholders wiped out, and only then will his work really start.
Jed, hard to completely disagree with what you say but one has to ask what would be in it for Roy Kelly? Why would a guy with a respectable reputation come over to a dog company if he didn't think there was a decent chance of turning it around.
A collapse would not look good on his CV although that would depend on where his next job was of course.
Wouldn't even cover the recent debts
The trouble is I don't think anyone , power stations / eneo have any intensions of paying up, they know that if they can drag this out vog stands a very good chance of running out of money and going pop and then they can all move in and buy up what they like for peanuts without paying any money they owe.
would help if that power station coughed up what it owes, that would make the share price jump a bit.
I've been in this old dog for years.
Shafted by Foo and his cronies.
im guessing like most of us whose invested in this old pooper your losing money, no point selling at this price can only hang on and hope something good happens. lol
And his mate Dik.
Foo was the only floater.
Taking us all with it.
probably been deleted by the powers to be for some reason.