George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
And we could get our money back and run for the hills!!
I wonder whether the Georgian govt just feel that the block is worth so much more than they got for it and that if they can find something to go to arbitration on and take it back then they can get big money for it.... and not necessarily all going into govt coffers ie the rumour of oil monies currentlly going to the Presidents acct. Certainly they picked a time to do it when FRR is fighting for their survival on multiple fronts in multiple courts but they could not have banked on the US support being so vocal. I have no idea how this will turn out, I just try to think it will be somewhat favourable to us and not go totally to one side or the other.
Funny how pushy the US is with the whole democracy issue for Georgia, when after Friday nights vote to have no witnesses in the impeachment trial they look a long way from being a great democracy!!! Of the 49 Senators to 51 in the vote the 49 represent 19 million more people than the 51!!!! Just hope this comes through the arbitration - everything after that would seem like small potatoes....
David Dunn does sometimes lose and seems like when he does he's a bad loser... 2014 charged with assautling opposing counsel with his brifecase after losing a case in Brooklyn!
https://www.law360.com/articles/515796/hogan-lovells-atty-sued-for-assaulting-opposing-counsel
What about our area in Moldova?? Which FRR company holds it?
Even if GA does not work out surely the asset in Moldova is worth something?
Sorry for you loss Phil - as a parent I cannot imagine what you have been through. Best wishes to you and your family at this time.
PART THREE
"We raise these concerns with the hopes of strengthening Georgia as a democracy and of preventing the broad bipartisan and bicameral support that Georgia enjoys in the halls of Congress from being negatively impacted," the letter said. "We hope that your government will work with the United States Congress, Ambassador Kelly Degnan, the European Union, and non-governmental organizations to strengthen democratic institutions and enhance economic prosperity for the Georgian people so that Georgia can continue to be a strategic partner of the United States for many years to come."
PART TWO
"Recent reports indicate that Facebook had to shut down an extensive network of accounts funded by Georgian Dream," the lawmakers write. "The fact that these accounts were apparently spreading anti-democratic, anti-Western sentiments is simply unacceptable."
The lawmakers are also concerned Ivanishvili's ruling party is attempting to use Georgia's justice system to discredit leading opposition voices. Giga Bokeria, a prominent member of the opposing European Georgia party, which also favors closer ties to the West, found himself summoned for questioning by the country's prosecutor's office over a years-old case.
"We are troubled by reports that prosecutors appointed by Georgian Dream are reopening old legal cases against the party's opponents," the lawmakers wrote. "While some of these cases may have merits, others are perceived as targeting leading opposition political figures, news operators, international corporations, and civil society members. Respect for the rule of law and an impartial justice system are key to a healthy democracy and to ensuring free and fair elections, which were guaranteed by your party."
The unrest in Georgia has generated concern that the upcoming elections may be corrupted.
"We continue to encourage you to protect the legitimacy of these elections and ensure they are guarded against both internal and external interference," the lawmakers wrote.
Georgia's economy is also suffering as a result of the ongoing tumult. The lawmakers warn that this situation is only strengthening Russian leader Vladimir Putin's influence in Georgia.
"Georgian Dream's perceived political targeting of the U.S.-backed Anaklia Development Consortium has now deterred or prevented investment from American companies in this important project," the lawmakers wrote. "These developments seem to reflect an increasingly unfavorable business environment and could deter future U.S. investment in Georgia. Decreased foreign investment not only hurts the Georgian people and their hopes for deeper integration with Western institutions, but it also strengthens Vladimir Putin's hand in the region. Georgia could be a vital hub for goods traversing from the United States and Europe to Central Asia, and vice versa, which would serve as a boon for the Georgian economy."
Here it is Frog, from The Washington Free Beacon. PART ONE
JANUARY 22, 2020 5:30 PM
A bipartisan group of lawmakers is warning the Georgian government that an ongoing campaign of repression by the country's ruling political party is endangering the Eastern European ally's pro-U.S. opposition parties and threatening to sweep the country back into authoritarianism.
For months now, Georgians have taken to the streets to protest the ruling Georgian Dream party led by Bidzina Ivanishvili, the country's wealthiest citizen. The demonstrations have been marred by violence and punctuated by the ruling party's targeting of the largely pro-American opposition party.
As the country backslides into authoritarian rule, the U.S. State Department and members of Congress are demanding Ivanishvili's ruling regime end its campaign of intimidation or face new U.S. sanctions. The unrest marks a potential tipping point for Georgia as it shifts away from the United States and back to Russia, a move that threatens to erase more than three decades of pro-democracy progress.
"Despite the promise shown over the past three decades, recent democratic and economic trends are negatively affecting Georgia's image in the United States," Reps. Adam Kinzinger (R., Ill.), Gerry Connolly (D., Va.), Eliot Engel (D., N.Y.), and Michael McCaul (R., Texas) wrote in a letter sent Tuesday to Georgian prime minister Giorgi Gakharia. Kinzinger and Connolly chair the House Georgia Caucus, while Engel and McCaul run the House Foreign Affairs Committee.
This is the second official letter sent to Gakharia by Kinzinger and Connolly, who expressed similar concerns about Georgia's authoritarianism in December. The correspondence was the result of a Georgian multiparty opposition delegation that visited Washington, D.C., in December. Salome Samadashvili, a member of the pro-Western United National Movement party who serves in Georgia's parliament, led the delegation and highlighted the Georgian Dream party's democratic backsliding, sources said.
"Unfortunately, economic indicators show a sharp decline in foreign direct investment in Georgia as American and European companies have suffered harassment, causing many to reconsider their business ventures," the lawmakers wrote, according to a copy of the letter obtained by the Washington Free Beacon.
The lawmakers expressed particular concern over what they describe as "the decision to forego promised democratic reforms and the associated violence against peaceful protestors."
In recent weeks, the effort to discredit opposition leaders pulled a page from Russia's playbook when it ran a now-deleted series of Facebook campaigns that sought to discredit pro-U.S. voices and leaders in Georgia. These tactics, as well as the violent suppression of pro-democracy demonstrators, have sparked increasingly stern communications by members of Congress.
"Recent reports
Wow let's hope this makes the difference!! It seemed to help last time the US congressmen or Senators got involved so hopefully this time is the same. Even if we turn it over to BP(or A.N. Other SM)+ within a couple of months as long as we get some shareholder value all us LTH's will be happy!!
But could the contingency plan to save FRR be the Americans backing Georgia and helping financially so long as American companies are treated favourably. After all FRR were mentioned by name a year or so ago by Texas Senators in a motion that went thru Congress or the House and the US will always protect oil abroad if there is financial interest in it for them...
Apparently when I watched Camberwick Green as a child I used to say PUgh, Pugh, Barley, McGrew, Cuthbert, Dibble and that ones gonna get left behind!!!!!
Thanks NJames - that would make sense just there were lots of posts about them moving to the new address in Total Bldg in downtown. Thought it was worth checking it out but probably not if its just an address for process servers.....
To get a friend to visit the new address I want to know the name of the subsiduary company that Frontera Resources FRR moved the B12 resources into to keep them away from Hope???
I think I have only seen the initials for it but if they go on a week day I have asked that they go in and ask the front desk person if Frontera are in that office.
Hey, I have a friend lives in Houston who would be happy to head downtown and checkout our new HQ....I would at least like to see what company name is on the nameplate for the office and size of office would be interesting.
Anything else peeps would like to know/find out about their new location?
Hi Sasa! Good to see you posting on here again.... it's been a long 9 years since I first bought into AMC. Finally could we see news that pushes us to levels we saw back in 2015. That would be great if we saw a decent profit after all this time.
Any idea our approximate share price value with nickel prices, resource and number of shares all having increased?
Best to all the LTH I recognise posting on here since iii went to the dogs!!!
Geela
Well done and thank you Noloss for spotting the error and giving the Nomad a kick - I got up to find 2 RNS's so went straight to the board. Brings a whole new level of incompetence to AMC!!! And yes the strategic partner line feels like a canned line that keeps being opened as a little bait on a hook.
Really all we need is for them to get on with their jobs and release information instead of promising it and then holding on to it..... Thanks TDT for the Nickel update that at least bodes well!!
Happy Birthday Bomber! Hope you have a decent red for this evening!!
I just took a look at FRR on US Markets and it looks like they stopped trading late May 2018 after a 49% drop that day. Here's a link: https://www.marketwatch.com/investing/stock/fontf