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Trading this short term just isnt viable. Not that I will do that. Its just that the spread is keeping the volume down at the moment. Lets hope that the IMF approve the funding, its very much in their interest to get these big projects moving to generate much needed boost to the economy and help oay back their debts.
"The IMF is considering bailing out Congo again despite the country�s history of corruption and broken governance promises. It is vital that any new loan accorded by the IMF to Congo comes with strict transparency and accountability criteria attached, particularly related to oil sector management, and that any breach of these criteria leads to real consequences for the Congolese officials responsible." Hope that debt relief comes with real progress on SEZ, port finance etc...
My money is in Switzerland as I am non-resident UK status. Thats another way to help CGT. ( albeit it can take up to 16 years to be classed as non-resident). GL, this will come good and soon. I can see all the pieces of the jigsaw coming together at last. Enjoy the peace and quiet whilst it lasts !
Its going to wake up when the port development finance agreement is announced. IMF, French, ROC , and China are all pushing for this to happen. We are now well into Q2 so news is now close. ( pelletisation ?) Then its a question of when this is either taken out or third party finance is agreed. GL . Happy to hold and see how this plays out now.
So why did you buy in ? Its got buy out all over iot snd the price will be considerably higher than todays price. This could be as cheap as it gets. I will wait it out as I see real potential, zero dilution in 7 years and a great BOD. If Carlsberg did AIM....
I have to say I transfer monies using currencyfair.com between Euros, CHF and GBP and have always got a good rate. I am sure they could too. GL and nice to see some exchanges of info and ideas. I do like to hear all the thoughts even if they might be a bit out there at times. News flow should drive this forward in Q2 now and not just from this project.
Thanks for that info extrader, but couldnt the Chinese act as a guarantor for the bank to fund larger amounts for their own projects ie to get the port finance in place and the project off the ground ? Just a thought.
No point in setting up this bank and a nice big new building without some serious finance coming into play. Local salaries wont pay for it. What should happen now are some big deals regarding finance of port to bring all the mineral resources into play. Let see how this plays out now. Looking good for the future.
Something been brewing here for months. When news does come you dont want to be out. I have sat through the doldrums for months. Some for years. Port news and this will explode as the route to market will have opened up. It will happen, its a question of when. GL