OTC19 Oct 2017 01:03
Dr Phil Clark DRC expert and political scientist at SOAS commented within the last week as to his views towards the political outlook. Kabila seems to be employing the tactic of continually delaying elections by 3, 6, 9 months and the electoral commission�s stated time to prepare polls is 504 days. It is becoming increasing likely DRC will not see elections in the next 5 or even 10 years.
He�s been there since 91 and has organised things to make his removal very tricky. Each outbreak of demonstrating is quickly and very violently crushed by Congolese police.
As unpleasant as this is, it can almost be seen as almost status quo for the DRC and as such is less likely imv to significantly influence CASA to its detriment. Anyone researched will be aware of the stability or otherwise of OTC�s various jurisdictions of interest and assess accordingly.
Strategy seems to be inclined towards gradual streamlining and Sturec sale would fit, recently factors have become aligned to allow for this but who knows? Funds would reduce placing requirements for CASA etc but imv placings with clear purpose can be v positive (especially when at a price close to my av) and I like diversity.
Coming up on 30 days since AB bought 200000 @ 2.75p taking skin in game to 6.58% using >25% of his annual ISA allowance on OTC shares, he didn�t have to do that. From next week expected material news flow can recommence�..we will see