Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
That looks like the bottom at 15.9 . Will steadily accumulate more over the next few months then sit tight :-) GL
Border town with Republic now have Ebola back. Lets hope it can be contained quickly. "The Ebola outbreak in DR Congo has spread from the countryside into a city, prompting fears that the disease will be increasingly hard to control. Health Minister Oly Ilunga Kalenga confirmed a case in Mbandaka, a city of a million people about 130km (80 miles) from the area where the first cases were confirmed earlier this month. The city is a major transportation hub with routes to the capital Kinshasa. Forty-two people have now been infected and 23 people are known to have died."
Some decent volume and/or news flow to get this moving. This is most certainly the quiet period before we have Q2 news. If Chinese renegotiate their significant loans to ROC that will be a green light for the port development IMO. I think we will slowly start creeping north as some people accumulate at these prices. Just a question of waiting. GL to the patient.
http://www.crbc.com/site/crbcEN/77953/info/2016/46841231.html Looks to me like the Pointe Noire contract was signed 20th Feb this year and there is some bashing going on here. "CRBC Signs the Business Contract for Pointe Noire New Port Project in Congo-Brazzaville On February 20, CRBC President Lu Shan and Jean Jacques BOUYA - Minister of Land and Resources Management and Large Works of Congo-Brazzaville signed the business contract for Pointe Noire New Port Project in Brazzaville, the capital of Congo-Brazzaville. His Excellency Xia Huang, the Chinese Ambassador extraordinary and plenipotentiary to Congo-Brazzaville, His Excellency Shen Xiang, the Economic and Commercial Counselor, representative of Export-Import Bank of China and relevant government officials of Congo-Brazzaville attended the signing ceremony"
It is because of the delays in the previous RNS that I think they will give a generous timeline to give them wiggle room. Hence I think it will be sooner rather than later.Glass half full or half empty. Both have their merits.
In a nutshell. The IMF ( and world bank) need to bail out a debt laden country but need reassurances that the bail out will involve significant investment away from Oil and into mining sector. So that the money wont disappear ...again. Therefore they will need to develop the port as a means of transportation out and push ahead with potash and iron ore projects to name two biggies.