At least moniman appears to have recognised his error (ad nauseam).
IG OTOH persists in the face of all the evidence, going so far in his delusion as to double down via his alter ego, who has gone so far as to set up a dedicated board on advfn as Halland75, where opinions he disagrees with / has no answer to are banned.
Quite extraordinary lack of self-awareness, IMO.
But more entertaining ( in a car crash kind of way) than moniman....
Ho hum
See also this article , with more numbers
https://greekreporter.com/2023/01/27/first-medicinal-cannabis-production-plant-opens-greece/
including this, re potential competitors
.."Since June 2018, when the legislative framework for the licensing of plants for the cultivation and production of finished medicinal cannabis products came into effect, the General Secretariat of Industry of the Ministry of Development and Investments has licensed 134 plant installations nationwide..."
That's a lorra, lorra licenses....
GLA
May be worth looking into this company and see what it's up to.
https://www.greenprophet.com/2024/03/medical-cannabis-now-legal-in-greece-and-country-eyes-being-major-european-grow-hub/
There's been a Nelsonian blind eye turned to earlier news about this co, which appears to represent serious competition to HELD (admittedly, on the evidence to date not a very high bar).
GLA
Https://www.msn.com/en-us/money/technology/microsoft-s-15-billion-investment-in-ai-firm-g42-linked-to-uae-s-national-security-adviser
Note bulletpoint (5) :
.." G42’s commitment to sever ties with Chinese hardware suppliers underscores its dedication to addressing security concerns and fostering trust with international stakeholders. .."
Doesn't stop business co-operation on 'routine' matters, but at an existential level Abu Dhabi appears to be in the US camp...for a while at least.
GLA
Https://www.msn.com/en-us/money/technology/microsoft-s-15-billion-investment-in-ai-firm-g42-linked-to-uae-s-national-security-adviser
Note bulletpoint (5) :
.." G42’s commitment to sever ties with Chinese hardware suppliers underscores its dedication to addressing security concerns and fostering trust with international stakeholders. .."
GLA
In a sign of the times - and the Aussies' increasing concern at the ore quality issue - BHP is thinking outside the (lunch) box :
https://www.thecooldown.com/green-tech/bhp-group-iron-ore-microbes-steel/
.."BHP is partnering with Boston startup Allonnia to test whether specially crafted microorganisms can purify its iron ore, enabling greener steelmaking processes. This innovative approach could be a game-changer in the urgent quest to reduce the steel industry's massive carbon footprint, according to Bloomberg.
Traditional steel production, which relies on coal-fired blast furnaces, is responsible for a whopping 8% of carbon and methane pollution annually, according to the Office of Energy Efficiency and Renewable Energy.
However, a cleaner method called direct reduced iron (DRI) offers hope. DRI replaces dirty coal with cleaner-burning natural gas or emissions-free hydrogen.
The catch? DRI requires high-purity iron ore, but most of BHP's ore from Western Australia is loaded with impurities. That's where the tiny microbes come in.
Allonnia discovered phosphorus-eating microorganisms in BHP's ore that can also shake loose other unwanted gunk. The plan is to harness the microbes to purify giant mounds of raw ore, creating a high-enough grade for DRI..."
OK, fungi can be used to break up and convert oil spills into harmless waste (on a small scale), but even so...
.."As Simon Farry, Rio Tinto's head of steel decarbonization, told Bloomberg: "This is an absolute revolution for the industry, but it's not going to happen at the speed of a revolution. It's going to be an evolution over two to four decades."
Whatcha gonna do in the meantime, guys ?
GLA
The RNS description is 'Settlement of Fees and Issue of Equity'.
The content has nothing to do with fees and is (unhelpfully, again) an aggregation of the £ equivalent of principal + interest on a loan expressed as drawn in USD.
Sloppy writing betokens sloppy thinking, IMO.
Duly recc'd and agreed...I especially liked the ref to 'green steal ' ...
GLA and ATB
Where does the fact that Saudi joined the West (and Jordan) in repulsing the Iranian attack on Israel fit into your world view?
No-one is interested in super-expensive oil, which damages Biden's (cough) election prospects ...and benefits Russia.
'It's complicated'.
ATB
Where does the fact that Saudi joined the West (and Jordan) in repulsing the Iranian attack on Israel fit into your world view?
No-one is interested in super-expensive oil, which damages Biden's (cough) election prospects ...and benefits Russia.
'It's complicated'.
ATB
MM : For as long as GLEN seeks to extract value from the Marketing/Royalty arrangements, it will be associated with the Project...and with C-B.
The EITI people for one will be looking closely at the deal that (we all hope) emerges. As will a number of other ESG -focussed parties, whether we like it or not.
IMO, of course.
ATB
Hi JammyC
As to the Q before Preska, perhaps the doc/info that BUR wants to include (but keep confidential) and ARG wants to exclude (and make public) is something that is useful to BUR (legally) and to ARG current Govt (politically).
What might that be ?
Perhaps it's the dubious circumstances/transaction detail surrounding prev Govt role in the YPF saga : say, from BUR's POV, something that may cast the Defendants in a bad light (morally, etc), but doesn't imperil their legal position, but which for Milei's Govt- if publicised- could neutralize/discredit the prev Govt / Kirchner et al opposition to any eventual attempt at settlement.
In other words, ARG/Milei may be trying to gain political points domestically (by disclosure of doc contents now), whilst still opposing the docs' admission in evidence (esp.if they recognise that the contents won't help ARG legally).
Whatever, the US stock market seems relatively sanguine : GGAL closing only fractionally down at $29.60 and YPF @ $ 21.17, both favourable compared to the wider market, FWLIW.
GLA
.."The natives are getting restless..."
This won't help matters.
I think the situation just got more complicated ;-<
https://www.icij.org/investigations/pandora-papers/us-prosecutors-push-to-seize-apartment-tied-to-congolese-president-in-luxury-trump-complex
The US Gov filing 29 March is a civil asset forfeiture case against Big Den, with details.
Timing is 'unhelpful' - to say the least - and seems particularly a complicating factor for GLEN, who's working hard on clearing up historic issues on the ethics compliance front.
The 'reputational risk' stakes have got higher, which may impact GLEN's overall priorities in any deal and/or the structure of the transaction, AFAICS.
OTOH, this (or the likelihood/possibility of something similar) will have been a 'known unknown' for some time and a contingency that's hopefully already been factored in. The approach to handling of any 'news' will be interesting, to say the least....
'Dum spiro, spero'
GLA
Hi Driving,
Re the yanks, I think the situation just got more complicated ;-<
https://www.icij.org/investigations/pandora-papers/us-prosecutors-push-to-seize-apartment-tied-to-congolese-president-in-luxury-trump-complex
The US Gov filing 29 March is a civil asset forfeiture case against Big Den, with details.
Timing is 'unhelpful' - to say the least - and seems particularly a complicating factor for GLEN, who's working hard on clearing up historic issues on the ethics compliance front.
The 'reputational risk' stakes have got higher, which may impact GLEN's overall priorities in any deal and/or the structure of the transaction, AFAICS.
OTOH, this (or the likelihood/possibility of something similar) will have been a 'known unknown' for some time and a contingency that's hopefully already been factored in.
'Dum spiro, spero'
GLA
Speaking of taxes, C-B seems to be having trouble raising any...
From BrazzaNews last week there was a report about the preventive detention and fine of the head of customs, for alleged forgery of documents and misappropriation of funds.
Today sees :
..." 1000 billion FCFA in revenue in 2024, this is the objective set for the Congo tax services under the leadership of DG Ludovic Itoua. A real cover-up, his place is in prison. Sassou must stop running this country like a family grocery store. #Chezmoiaucongo.."
.."Why does Congolese customs only mobilize 100 billion FCFA per year, while Benin's customs revenue amounts to 700 billion FCFA / year? Where does the Customs money go? A real mafia in an organized gang. #Chezmoiaucongo..."
.."How incredible is that??? Senegal makes 1500 billion per year. There really is something fishy going on. Having lived in the Congo and importing food to Brazza, I find this strange!!!.."
The natives are getting restless.
GLA
.."Banco believe it will happen othrrwise their name would not be in an rns..."
Normally, I'd say 'fair point'.
But several companies have been 'mentioned in despatches ' - Quadrivio, our Middle Easterners etc - that subsequently fiddled out.
Maybe 'this time it's different'.
Agreed. Maybe.
GLA
Thanks for the link, MM, a couple of observations :
.."Oman has started construction of what could be the world’s largest green steel plant that plans to use iron ore from Cameroon.." if true, suggests that Vale may be shopping around elsewhere.
Perhaps Mbalam-Nabeba ?
https://www.mining.com/web/cameroon-to-start-building-railway-to-disputed-iron-ore-project-in-august/
.."The US has been actively brokering Saudi, Emirati and Qatari investment in riskier jurisdictions, such as the Democratic Republic of Congo, where western companies struggle to enter, in order to keep China out, according to executives from mining companies and trading houses, as well as a senior US government official..."
When elephants fight, the ants get crushed.
DRC is more obviously 'strategic' , but C-B - as you've pointed out - appears to be in China's camp. Could the US act as a spoiler...or as another contender ?
.."the kingdom aims to secure copper, IRON ORE , lithium and nickel from overseas for processing domestically through Manara Minerals, a joint venture established last year between Ma’aden and the Public Investment Fund. In return for minority investments into established operations run by blue-chip companies such as BHP and Rio Tinto, it aims to receive metals supply — a model Japanese trading houses have successfully deployed for decades..."
Describes the Zanaga situation to a T...
.."Much like the Chinese, the Gulf states are promising resource-rich nations an investment package centred around mining; Zambia expects the UAE to invest in agriculture, tourism and energy..."
AD has a recently launched Africa -specific solar energy fund through Masdar, we already know that DXB offers useful banking facilities.
All helping the 'mood music', IMO
GLA
I suspect that having anyone (outsider) doing potentially price- sensitive work on ZIOC's concession would be an RNSable development, surely?
GLA