Dips are inevitable even during a rise as emphatic as this. There's plenty of garbage on AIM for the herd to jump ship to but I'm not bothered by that - the potential here is as great as anything I've seen in my trading life. GLA
I'm just imagining the iron ore at Zanaga stuck in the ground for another 20 years whilst corrupt governments dither and bicker about a trans-Africa railway. Give me a direct route to the Atlantic please - preferably a railway which would have plenty of other uses (transporting personnel and supplies to site for example)
Https://web.archive.org/web/20081025100951/http://www.korea.net/News/News/LangView.asp?serial_no=20070820016&lang_no=1&part=103&SearchDay=
I wonder what became of this...
About 20 companies, mostly from Korea and some Malaysian firms, including the Korean Railroad (Korail) and Korea’s system engineering firm POSCON, have agreed on Aug. 17 to form a consortium to carry out a railway project in the Republic of Congo.
Led by Korean firms, the Congo-Malaysia-Korea Consortium (CMKC) reached the agreement with a Congolese railway development committee led by the African country’s transportation minister Emile Ouosso.
According to the consortium, the three-billion dollar project aims to connect a one-thousand kilometer section between Brazzaville and Ouesso and a 500-kilometer section linking Djambala and Pointe-Noire.
Under the deal, the Congolese government will grant Korean firms exclusive rights to develop its gas and iron resources, as well as a tropical rain forest, for the next 30 years.
Denis Sassou Nguesso, the Congolese president, supports the railroad construction project since the country desperately needs a proper transportation system to boost foreign direct investment in the development of its resources.
So if forestry has been a hot topic in Brazzaville recently then maybe this explains the recent movements of PP-FCC.
PP-FCC is the executive jet owned by Brazillian lumber company Greenplac Tecnologia. This jet was touted by a poster here as being used by Vale but no evidence was shared. In the absence of such evidence I'd say it's most likely not being used by Vale but by the people who own the jet; Greenplac.
https://www.flightdb.net/aircraft.php?modes=E48DB4
https://www.dnb.com/business-directory/company-profiles.greenplac_tecnologia_industrial_ltda.44d5d35565f7b6c45fd75e2f9ce4f141.html
I did a dummy sell 2 mins ago and MM's will take up to £25K worth of shares in one go. I've known this to be higher but still pretty good. The frenzied buying of Monday seems to have settled down and now perhaps we have stickier hands and a shortage of sellers.
3.6p needs to be taken out. Hopefully this will happen this morning.
GLA
Thanks for your message Kongolasse :-)
20p by the end of the year I think is achievable with further positive drill results.
It feels less hostile here than over at ZIOC this afternoon. I could do without such tantrums right now TBH. :-)
Best wishes to all EEE-ers wherever you may be
MM, I'd be very interested in what factors alerted you to PP-FCC? I'm assuming that you don't have the time to track all Brazillian-owned aircraft to see which ones have been to C-B so I'm guessing that something or someone must have tipped-you off about this?
Many thanks
PS Yes I have read the posts from this afternoon. Can we please draw a line under it everyone? Thanks again
FWIW according to Flightradar24 our much-tracked Bombardier long range jet has left Brazzaville for Cascais (Portugal).
I'd be happier if there was more evidence linking PP-FCC with Vale but I can see the possibility of a link.
Extrader. Vijay Mallya - that's a blast from the past. If I recall correctly my business at the time became a supplier to one of his businesses in the mid-2000's. The less said the better. I'm now reading that his fortunes have changed. We reap what we sow, etc
Good find HappySwinner but that aircraft (Vale's) is the same model but reg PP-VDR. The Brazzaville plane is PP-FCC.
I suppose it's possible that if Vale's plane was unserviceable, in the wrong place or otherwise unavailable they might charter one from elsewhere. Who knows.
The 9th July detour towards Zanaga is intriguing as is the transponder silence.
So I'm wondering what happened to the exec jet PP-FCC for the missing 24 hours. The 8th July inbound flight from Portugal flight could easily have been going into Oyo or Zanaga judging by its position and heading when it went dark.
Landing at Oyo is very possible - an interesting place. Seems like a tiny place but has an international airport with a hard runway >3000m long so easy landing and take-off for PP-FCC even at max take off weight. PP-FCC could probably have got away from Zanaga airfield if lightly-loaded but I'm not 100% sure.
The 9th July flight. Drawing a straight line from Oyo to Brazzavile shows that PP-FCC would have been approx 150km off course when its transponder started.
Just thinking maybe it landed at both airfields?
BTW Flightradar 24 does not depend on radar. It uses transponder data. Transponders are boxes onboard aircraft which send data via satellite including aircraft ID, position and altitude. From memory they can send data either autonomously or in response to a ping from the ground. It is not normal to switch a transponder off mid-flight.
PP-FCC is certainly interesting. Thanks Extrader. It's Flighradar history is wore than a bit strange...
08 July Cascais to somewhere near Zanaga. Looks like the transponder was switched off very shortly after start of dscent from 40,000 feet. https://www.flightradar24.com/data/aircraft/pp-fcc#310b8fd2
09 July From somewhere near Zanaga to Brazzaville. The flight seems to start at near Brazzaville at 17000 feet, cruise at this altitude before descending to Brazzaville. https://www.flightradar24.com/data/aircraft/pp-fcc#3110a97f
Zanaga Airport looks like a dirt strip on about 1000m long. Probably just about good enough for that Embraer but I wouldn't expect to find jet fuel there.
https://www.google.co.uk/maps/search/airports/@-2.8459113,13.8222629,2366m/data=!3m1!1e3!5m1!1e4?entry=ttu
Customs/border control would be non-existent there. I'm starting to see why it looks like the transponder got switched off. I'll say no more!
PP-FCC - found that thanks and can see it landed Brazzaville 09 July at 18:28. Looks like it came from Portugal
Ownership of PP-FCC I need help on - it seems to have been owned by CreditSuisse and now a Brazillian lumber trader Greenplac Tecnologia Industrial. Where do you see that it's Vale's plane?
Thanka again