Member Info for Drewky

The Tanzania Investment Centre (TIC) has advised Local Government Authorities (LGAs) to keep prices of land plots designated for industrial development low to attract investors. Speaking in an interview with The Citizen at the ongoing Tanga Trade Fair, the Northern Zone TIC manager, Mr Daudi Riganda, said it was meaningless for the LGAs to allocate industrial areas while the price was prohibitive. His call echoed what the minister for Industries,Trade and Investment, Mr Charles Mwijage, had said during the opening of the 10-day Trade Fair. Mr Mwijage had called on the LGAs to lower the prices of industrial plots with a view to attracting the investors. Mr Riganda said the LGAs should not think about money from the sale of the plots, but they should wait for wait for the money that will be generated after establishment of various investments. According to him, after the industries have been set up, hundreds of the youth will be employed and revenue collection will high. Mr Riganda said what the LGAs should do is to create a conducive environment that will enable the potential investors to acquire the plots and establish industries. "If an investor who has secured the plot and fails to develop it at given time, he must relinquish ownership," he said adding that this would encourage the investors to build Industries at a quick pace. The TIC manager further said the centre was developing a land fund, which aims at helping people with unsurveyed land to finance land surveys to get their land ready for investment. "We want to people owning land that is free from conflicts," he said, adding that they were also encouraging people with land for investment to report at the centre where they can helped to court investors," he said.

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Not hanging about here, the next well is permitted and being planned already. I like being involved with ambitious companies willing to move on with things. Great pair of RNS this morning

Food for thought re the farm out. Not sure the announcement warning was ambiguous enough to allow this but is it possible that it could simply be referring to eclipse taking over the Solo share and perhaps putting some useful much needed money in our coffers to facilitate the agreement? Seems unlikely perhaps but I like the idea of not giving another slice away. Like I say just a thought and the truth will soon be out in the wash. Sleep well all, here's hoping for a week with good news.

Not one of the points raised Tanz but as you say highly unlikely at this point or possibly even in the future. Besides I imagine that would have to be a resolution put forward and that has to gain a percentage of holders support so that would have to be organised a fair while before the AGM to meet proposal deadlines. Can't say I wouldn't like to be a fly on the wall though ;0))

What will be will be Filter, but the point of many of these questions that have been put forward are to find out what actually will be. An AGM is a chance for mushrooms to come out of the dark. It is the one day in the year where you at least have a chance to have your questions answered.

Ok filter, I'm not sure what your getting at. I can see you are frustrated but do you just want to rip into the management to vent your anger, or ask a direct question that will hopefully reveal an answer that will be helpful?

That one is already included GL along with the question you previously raise of Nyuni seismic. A draft copy has now gone off to Pete now I have edited it down to direct questions for a taster the main headings are as follows... Communications Operational Issues Reserves Interdependencies Farm Out Solo Funding Diversification Compliance Remuneration

Hi Tanzania as said yesterday I'll be going through the points put forward so far (around 35ish). There are some that are not really questions but more like opinions. I shall discuss these but my aim is to ask questions to which we have a chance of getting an answer. I see little point in asking questions for a blame game but there are some quite obvious whys and wherefores that need to be asked. Some points we already know the answers to. I'll publish the questions list hopefully before midweek and aim to get the letter off by Monday 11th

The fact is they have put the AGM back for a reason, mostly likely to buy themselves some extra time for something or other to be concluded. I have my own theory but that's all it is. Truth will out at the meeting so with just a month to go it's not worth sweating over

Yes. One of our friends has sold 1.1 mill in the last 20 minutes

Nice news but is that not just regurgitated from a while ago? I notice it quotes no dates

I don't know who you are referring to Dahmed as I 've not seen the thread but one or two of the bbs informed posters are not adverse to playing the trading game with it so keep a wary eye on their mood swings they are rather obvious at times

and brings an alter ego trading partner to tick up his view

Excuse me while I go slit my throat! Jeez guys it is just over two weeks since the last drill announcement and that news came three days early. That was a back to back drill and there was no mention that the next would be back to back so to start with the negative so soon is unreal. So the SP has slipped! Yes that's a concern but not unexpected. If you intend to be holding here then you just ignore it because of the fundamentals and the information that led you to buy in the first place. If you can't accept some slippage and deal with it, you should have got out at the time. Chill out a bit and stop staring at the screen or perhaps take advantage of the dips if you can

Will do thanks Pete

If that call was from Jay to Malcy I would be even more angry for reasons given the other day but I got the feeling it was Malcy who made the call to check on progress. Non the less, Jay should still be astute enough to realise Malcy would put something out and he could quite easily have done that himself via Twitter as I showed again the other day.

I wouldn't call you paranoid LT and I can see from figures you reveal that at over 7p you would have had over a million pound in value tied up here at that time but honestly is there anyone out there you would completely trust with �1m of your hard earned cash? We can't even trust the banks with our money so we have to keep a wary eye on any board we invest in and this one is no different but it is no worse than any other. The problem here is that the sp has slipped and though I am guessing from words gleaned from you over the months that you have not lost money but perhaps the slip has cost you a lot of profit. If that is the case, your anger in that respect would be understandable but it doesn't warrant the sort of remarks you have been making lately towards the bod. There isn't a Bod out there that doesn't make mistakes but at this stage can you categorically say this bod has made a specific mistake that puts them in the position you place them? Most of what you are hinting at is about people being crooked and without evidence, I think you are putting yourself on extremely dodgy ground talking that way. Is there anything specific you would like asked in the questions list for the AGM or will you be attending?