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June 14th 2018: CRBC Chairman Lu Shan with Congo Brazzaville Minister Jean Jacques Bouya, Chinese Ambassador Ma Fulin discussing financing of Pointe Noire Mineral Port. http://crbc.com/site/crbc/274/info/2018/46882202.html "On June 13, Lu Shan, chairman of the company and party secretary, met with Ma Fulin, Chinese ambassador to Congo (Brazzaville), in Brazzaville. Chairman Lu Shan introduced the overall development of the company’s current overseas operations, and detailed the company's current development in the Congo (Brazzaville) market. At the same time, the company’s ongoing efforts to promote the Pointe Noire Mineral Port project and its next steps. Ambassador Ma Fulin expressed his gratitude to CRBC for supporting the work of the embassy during the visit of the Chairman of the National Committee of the Chinese People's Political Consultative Conference Wang Yang. Later he and the Chairman of the Board of Directors Lushan conducted in-depth discussions on the above POINTE NOIRE MINERAL PORT PROJECT such as planning, FINANCING, project progress, and expressed in-depth discussions. On June 14, Chairman Lu Shan met with Jean Jacques Bouya, minister of Congo's Ministry of Industry and Trade, in Brazzaville. Minister Bouya welcomed Chairman Lu Shan’s visit to Congo (Brazzaville). He then exchanged ideas and communicated with Chairman Lu Shan on the progress of various infrastructure construction and INVESTMENT PROJECTS SUCH AS THE POINTE NOIRE MINERAL PORT."
Next news shortly imo.
Good morning RKB. Yes I quite agree regarding calling the Bond Holder Meeting 6 months early. He is doing that now to keep playing poor before an influx of cash will be coming in to CLP (Mediapolis/Ondaland and so on in the short term )
No worries. I'm not ruling out anything though but it looks increasingly likely that slurry pipeline will be used for stage 1. Interesting that they are in discussions about this at the moment and looking to get that sorted. I can't wait for the test results to come out with some figures as that will give us a nice lift from here. EPP financing and we'll be laughing
Please note, the huge premiums I mentioned just now in my post just is my opinion. When I asked Trahar about EPP and grades he stated he can't comment on that at moment but there will be an update this month as promised.
I always say it, if you are unsure of your investment give Trahar a call. I have been speaking to him regularly for the past 6 months and had the pleasure of meeting him last week in Soho for 45 minutes. I am extremely happy with my investment here and added more again last week. Someone was saying that maybe the slurry pipeline will be put in to touch and instead go for the railway. EPP will use railway for sure, through Gabon as previously mentioned. The slurry pipeline however will happen and will happen at a huge discount to what was previously discussed. Zanaga are currently in discussions with the Chinese arm of an American company that is a world leader in slurry pipeline design and construction. Huge premiums expected on the pellets coupled with huge savings (as per last company update RNS and slurry pipeline discount) means this is such an easy hold for me here and will continue to top up at these prices when my funds allow. EPP news to be released including huge premiums for our pellets. Further discounts for stage 1. Game on.
Yes my thoughts exactly regarding the bond holder meeting. Get that sorted out and then we are game on with FG more inclined to show true value here.
Real bid keeps rising. Someone wants shares.
Personally I don't like to state share prices on here but I've based my investment decision on the following: 1) Mediapolis building licences independently valued at €35.6 million 2) Mediapolis land worth €1.5 million 3) 10 Sardinian Villas worth north of €15 million 4) Ondaland owing us in the region of €8 million (deal could be done where monies owed is reduced and we get more profits per year etc also expecting developments on this very soon) We are certainly very under valued here. Not to mention other litigations and investments either. For example Fortune Cookie £700k- £5 million. Sosushi as well 1.7 million. Bitcoin/cryptocurrency mining Possible ICO later in year. Add all of that up can see how the €60 million of tax credits is so useful for us. Also The Bank of New York (Nominees) Limited have a 12.71% holding here. They can certainly see the value here.
Bond holder meeting June 5th as we know. Very important for us. I'm expecting a deal to be made here. Need 75% of vote with Eufingest having 43.48% of vote already and I'm sure they have a few other votes in the bag as well. Convert bonds in to shares at something like 50% of value and at a premium to our SP is what I think will happen. Maybe FG has an ace up his sleeve with Ondaland and Mediapolis?? Maybe he has been dangling this same carrot recently too with small discounted placing on May 22nd and also issue of equity (May 30th) at a premium. I'm sorry but the way the markets are and with the May 22nd placing being at a small discount and also the May 30th being at a premium you don't get those deals done without showing anything. Mediapolis as we know is nearly done or already done. Ondaland new season started already (thanks for that info Max). Also Ondaland deal is done too IMO as Clp has a member on the board and also a majority shareholding there. I'm expecting an excellent week next week.
Hi Max. Cheers for that piece of info. Ondaland, Mediapolis and Sardinian villas as well as Minor One too look forward to in near term then!
Afternoon RKBeekeper. I hope you are well? Surely an update on Ondaland soon as well don't you think before the new season?
Looks like a delayed buy will be coming through.
Well bid for at moment. Agree to what others have been saying here as well in that least night's RNS was very telling in that it was at a premium and he would have been given a heads up to what is unfolding here.
Hi allthatguff. You need to realise that that raliway line isn't really intended for us. If you look through all the links regarding Mayoko then the big news is that a NEW railway line is going to be developed in time for 2022/23. This will be able to transport the size we want to export annually. The current line is less equipped for that. That is also linking up the different Special Economic Zones (also importantly ZANAGA!!) In the meantime Mayoko is exporting through Gabon via the excellent and upgraded railway from Franceville to the coast. That provides a proven route for Zanaga and is very positive for any EPP announced shortly.
Completely agree MinorMiner. "new options..." can't be much clearer. Glencore are up for this as are the Chinese.... Zhou Chao. Chairman of The China Overseas Infrastructure Development and Investment Corporation (COIDIC) Talking about Pointe Noire SEZ inc mineral port: "THE PROJECT HAS BEEN ESTABLISHED AS THE FLAGSHIP SINO-AFRICAN COOPERATION PROJECT" https://tinyurl.com/yd2af4sr
Nice find Afric. Also this.... 27th May 2018 "The experienced gained from Shenzhen, China's first Special Economic Zone, has already been put to use on the African continent. The Congo (Brazzaville) Pointe Noire Special Economic Zone, which draws on the successful experience of China’s reform and opening up, IS CURRENTLY UNDER CONSTRUCTION." http://www.hkcna.hk/content/2018/0527/680122.shtml
Yes indeed. I couldn't find anything of real interest for weeks and now loads of info. Something I overlooked before is that the raliway line links up Sangha. Sangha is important too as this is one of the 4 Special Economic Zones. Pointe Noire Special Economic Zone with mineral port is the most important and planned to be built first.