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Afternoon MinorMiner. Yes Chiense debt negotiations were at an advanced stage a few weeks back and recently developments in ROC this week bodes well. I think they are signing off on that as we speak. Then N'Guesso earlier in week gets an invitation from President Xi. Debt done means mineral port go ahead and other infrastructure such as raliway. This is first time in a long time I have seen Zanaga being mentioned with all of these projects.
"Thierry Moungalla, the adoption of these draft decrees shows the will of the government to ensure optimal regulation in the sectors of mining and hydrocarbons, two key sectors of the national economy to ensure its growth and dynamism." They need mining to kick off for diversification and for their proposal to IMF in coming days
Brazzaville, Congo, May 25 - Congolese Minister of Mines and Geology Pierre Oba announced Wednesday in Brazzaville at the Council of Ministers that the Port of Pointe-Noire will soon receive the first train containing the first cargo produced in Mayoko, in the department of Niari, in the south-west of the country. According to Pierre Oba, Mayoko's first iron cargo has already been sold. "The buyer's ship is already on the shores of Pointe-Noire," said the Congolese Minister of Mines and Geology. Among the draft decrees submitted to the Council of Ministers by Pierre Oba include, among others, the draft decree for the first renewal for the mining company of the Congo mining exploration license for gold, said "Etaba permit 2 '', in the department of the West Cuvette (North-West) and two draft decree for the mining exploration license for the Colombian tantalite says' 'allowed beautiful view' ', for the first and for the rough diamonds said' 'Gatongo kounda permit' for the second, in the Sangha department, in the north of the country. The Council of Ministers also examined and adopted the draft decree granting the company Origine Exploration Congo SA a prospecting license for potash liquor called "Loango license" in the department of Kouilou, in the South. "The prospection of this company has been encouraging. It therefore seeks a research permit to determine the potash potential of the area surveyed for possible entry into production. The budget for carrying out this work is estimated at more than 10 billion CFA francs, "said Pierre Oba. To facilitate research and mining production, the Congolese head of state, Denis Sassou Nguesso, emphasized as a priority the construction of a railway line that will link the different mining production basins from the ore port of Pointe-Noire to Department of Sangha via the localities of Mayoko and Zanaga, in southern Congo. Pierre Oba submitted a total of six draft decrees, all of which were adopted after their review. In addition to Pierre Oba, the Congolese Minister of Hydrocarbons, Jean-Marc Thystère Tchicaya, proposed seven draft decrees that were also examined and adopted. For the Minister of Communication and Media, spokesman for the government, Thierry Moungalla, the adoption of these draft decrees shows the will of the government to ensure optimal regulation in the sectors of mining and hydrocarbons, two key sectors of the national economy to ensure its growth and dynamism. http://www.infosplusgabon.com/index.php/actualites/submenu-1/13888-congo-le-gouvernement-annonce-une-premiere-cargaison-des-mines-de-mayoko
Allthatguff totally agree... Zanaga mentioned this week (Wednesday) in Congo Ministerial Meeting (priority rail link from Pointe Noire to Zanaga) DAY BEFORE... President Xi invites N'Guesso to China. (Special Economic Zone (inc mineral port) will be showcased at Summit) https://www.journaldebrazza.com/denis-sassou-nguesso-prendra-part-forum-chine-afrique-septembre-prochain/
I like it DGR. Shows people could be either short or wanting to get in cheaper. If short will make the inevitable rise much stronger. Any port deal needs to be ratified before IMF agree to bailout and I'm sure such a big deal will be seen in press articles. We're lucky to have some great researchers on this messageboard and I'm sure any leak will be found by us soon.
Funding coming soon for Pointe Noire Mineral Port IMO. April 27th-29th 2018 Look at link posted below and the photo of the Chinese Ambassador with plans in his hands. These plans are the Pointe Noire Mineral Port Plans. "马福林大使观看黑角矿业港效果图 Chinese Ambassador Ma Fu Lin Inspects Pointe Noire Mineral Port Plans." http://cg.china-embassy.org/chn/zgzgg/sgkx/t1556849.htm
May 23rd 2018: "The President of the Republic added that the issue of a diversified and significant introduction into production in this vital economic sector must be accompanied by resolute action by the government, so that the infrastructures that are available to the mining sector will make it economically profitable. In this regard, the Head of State mentioned, AS A PRIORITY, the expected CONSTRUCTION of a RAILWAY line that will connect the different mining production basins, FROM THE ORE PORT of POINTE NOIRE to the department of Sangha, via especially the localities of Mayoko and ZANAGA." http://www.adiac-congo.com/content/compte-rendu-du-conseil-des-ministres-du-23-mai-2018-83756
Also this is useful to read: financial results for Ebioss 2017 released on April 30th 2018. Talks a lot about future projects using Eqtec's Gasifier Technology https://www.bolsasymercados.es/mab/documentos/InfFinanciera/2018/04/00025_InfFinan_20180430.pdf
Hi gods. I know we've had our differences in the past but you make some sense in your post just now. Yes the CLN deal was a load of crap and a completely agree that the board need to answer to such a shocking deal. On the plus side, Ebioss simply can't walk away from Eqtec. If you look at the Ebioss website they state the following two assets as their core business 1) Eqtec Gasifier Technology 2) Winntec Winntec is about storing waste. It is much less income generating than Eqtec. If you look at previous news flows for Winntec you can see that they are working with CN-NL (part of the Fosun group). They will be operating not just in China out South East Asia as well. The Winntec technology will store the waste. I.e. They will need the Eqtec Gasifier Technology to convert. The deals involved for Winntec are tiny compared to possible Eqtec deals. Also without Eqtec then Winntec becomes redundant. Sorry I'm waffling on now. Ebioss can't let Eqtec go down the drain as it is the core part of their business. Yes the CLN has been a complete and utter disaster, but taking that away and if BTC come in and provide financing then we have a multitude of deals in near/mid/long term to work with. It is these deals that first got me interested in Eqt. Yes I am severely underwater but no one could have predicted that CLN. I know it wasn't you on the other message board mocking my investment, but you can see that a lot of honest investors have been caught up in what is a complete and utter farce of a CLN.
DYOR and don't listen to numpties like Neil.
Eeeeeerily silence when this rises. Good luck shorters. I've never actually shorted a share before. Genuine question... when the ask rises do you shit your pants or do you do that in the morning when you wake up not knowing if an RNS will arrive?
I don't get them all right gods. Tell me an investor who does. (Incidentally a suicidial CLN was issued after I invested). Good to hear you are able to make decisions by yourself. That's great to hear. Shame you take pleasure in my loss in EQT though. Good luck with your investments.