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your welcome
Let us hope that management is as interested in seeing VTSS and CVM have substantial sp gains this week (because their table is already set and almost every who knows it) than they are with premature announcements which can not yet possess defining evidence of permanence to both the political climate and economic opportunities (RusAl and Ashanti and Rio Tinto are just a tip). We are awaiting codifications. Of course there are other countries in which UMNG can be conducting business.
Would be nice to see Mr. Keita and UMNG be associated with ....16/09/2009 AFRICA MINING INTELLIGENCE N°210
GUINEA
Dadis Camara Confirms Transguinean Plan
Mining on Guinea’s vast iron ore deposits depends on building the Transguinean railway. And transport of iron ore from Guinea’s Nimba Mountains will not be done through Lamco, a Liberian compan
Price spikes require news...
Hubble Holdings is a holding company dealing namely in both diamonds and gold. We specialize in exporting diamonds mainly with our direct resources in South Africa, Guinnea, Sierra Leone, Angola and the DRC. Our mission is fair trade.
What about the "new" folks ?
1- Just how much mining experience does Maria Spiliopoulos have under her belt?
And she's the point person:
Universal Mining Corporation has completed the establishment of the Guinean branch of the company to enable UMC to operate in Guinea - Universal Mining Guinea - SA. This branch of UMC shall be overseen and managed by Maria Spiliopoulos as part of her Vice-President of Mining Operations duties.
2- Does her Hubble Holdings count as mining experience ?
Hubble holdings sells the products!
http://www.linkedin.com/pub/a/7b3/679
A Hubble Holdings sign appears in one of the UMC pictures suggesting it is the location for the Conakry,HQ:
http://www.universalminingcorporation.com/applications/universalminingcorporation.com/site/views/templates/custom/images/bureau3.jpg
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=456+Wild+Oak+Cir+Longwood,+FL+32779+&sll=37.0625,-95.677068&sspn=28.39116,41.484375&ie=UTF8&ll=28.706643,-81.438324&spn=0,359.981697&t=h&z=16&iwloc=A&layer=c&cbll=28.70104,-81.434036&panoid=CtuA0-36BKZXAtYIsW1QHQ&cbp=12,269.84,,2,-8.72
here is the steet view link for the florida version of Universal Mining Corporation that was provided by Lexit and commented upon by EarnestDD
UMNG buys a reactor http://donar.messe.de/exhibitor/007/165/165891/links/20090408152412-Corporate%20Profile.pdf P.8
From Quality Power
Reactors
We are the market Leaders in Reactor Technology in South Asia and have type tested and
supplied series reactors up to 400kV systems for applications in Fault Current Limiting,
Harmonic Filtering, Neutral Earthing Applications, Damping circuits etc.
According to page 4 http://www.leiti.org.lr/doc/report.pdf Universal Mining Corporation has paid $20,000 as of April 13, 2009 for exploration fees
Erstmorgold indicates that UMNG is In Liberia on Aug 25th, 2009 business plan
http://www.estmorgold.eu/doc/businessplan.pdf p.13
I doubt that the Cortellazzi Crew is still around. It doesn't make sense to believe that Montreal or other Canadian based entrepreneurs would not run in the same industry specific business circles. Nor does it make sense to argue that because one group of entrepreneurs with a fixed set of attributes were unable to breed success for a company that they sold that another set of entrepreneurs with necessarily different attributes would not be able to transform the corporate entity into a successful enterprise.
IT IS OBVIOUS THAT THE PRESIDENT OF UMNG'S 6.12.09 BLOG POST IS TALKING ABOUT THE USE OF HYPERSPECTRAL DATA ALGORITHMS TO RAPIDLY FINGER THE SUBTLE ELECTROMAGNETIC IDENTIFIERS FOR THE PURPOSE OF MINERAL EXPLORATION. THIS TECHNOLOGY HAS CROSS-DOMAIN APPLICATION (IT FINDS LANDMINES, DEAD BODIES, MANMADE POLLUTANTS AND VALUABLE MINERALS USING THE SAME TECHNIQUES)IT IS RIDICULOUS TO SAY A TECHNOLOGY THAT DOES EXIST FOR THE PURPOSES DESCRIBED IN THE PRESIDENT OF UMNG'S BLOG (A TECHNOLOGY FIRST DEVELOPED FOR SATELLITE AND TELESCOPIC EXPLORATION OF THE CHEMICAL COMPOSITON OF THE SOLAR SYSTEM ) DOES NOT EXIST. AIRPLANES AND GROUND VEHICLES (ARE EQUIPPED WITH HYPERSPECTRAL SENSORS FOR THE COMMERCIAL PURPOSES DESCRIBED
Spatial-spectral contextual image analysis of hyperspectral data to aid in the characterisation of hydrothermal alteration in epithermal gold deposits
Hyperspectral remote sensing deals with instruments that sample the EM spectrum at high spectral resolution and with high spectral sampling intervals to produce surface reflectance data that can be readily compared to spectral signatures contained in spectral libraries. In geology, this technology has been used for mineral mapping and geobotanical studies to aid in mineral prospecting, environmental studies and petroleum exploration. Most image processing techniques that are available to analyse hyperspectral data by-pass three important aspects of remote sensing:1.Neighbourhood information is not incorporated and hence the common knowledge formulated in geostatistics that nearby control points are more likely to contain information more similar than far apart control points,2.surface information is not coupled to shallow subsurface information although many problems are in need of a 3 dimensional approach of study 3.and the change over time of the spectral signature of certain earth surface materials that contains information on the type (and use) of the material at hand that may allow a better classification and or discrimination (from other) of materials is not used in sub pixel classification. This paper addresses our efforts in designing spatial-spectral contextual image analysis approaches, thus tackling some of the aspects mentioned under 1. To combine both spectral as well as spatial information in the analysis of hyperspectral imagery we have developed a spatial spectral algorithm; the template matching algorithm. A template consists of a one or two dimensional array that is filled on both sides of a central pixel with spectra (or spectral derivatives such as ratios etc) that characterize certain cover types of interest. The template is matched with an image by moving the kernel or a filter over the image and calculating parameters at each pixel. At each pixel the template is also rotated and a number of parameters are calculated (e.g., best template fit, worst template fit, mean template fit, variance in template fit, and optimal scanangle). Examples are given to the application of template matching as a spatial-spectral contextual image processing technique dealing with the detection of mineral assemblage coexistence in relation to hydrothermal alteration in a epithermal gold deposit.
Earnest,
You are undermining your own credibility by denying technological facts.
Winter, E.M.
Aerospace Conference, 2005 IEEE
Volume , Issue , 5-12 March 2005 Page(s):2030 - 2034
Digital Object Identifier 10.1109/AERO.2005.1559494
Summary:Hyperspectral imaging is an important technology for the detection of surface and buried land mines from an airborne platform. For this reason, hyperspectral was included in the three experiments that were executed by the Army RDECOM CERDEC Night Vision and Electronic Sensors Directorate (NVESD) in Fall 2002, Spring 2003 and Summer 2004. The purpose of these experiments was to bring together a wide variety of airborne sensors for the detection of mines, with well ground-truthed targets. The hyperspectral sensors included the airborne hyperspectral imager (AHI), a University of Hawaii LWIR HSI sensor and the compact airborne spectral sensor (COMPASS), an NVESD VNIR/SWIR sensor. These experiments were carried out at sites where extensive arrays of buried and surface mines are deployed. The COMPASS and AHI sensors were both placed on the Twin Otter aircraft, and data was collected with the airplane at a variety of altitudes. In this paper, the data collected on surface mines are reviewed, and specific examples from each background type presented. Spectral detection algorithms are applied to the data and the results of the algorithm processing is presented
SPECIM Contracts Airborne Hyperspectral Sensors for Environmental Monitoring
Written by Vector1Media
Tuesday, 03 March 2009
PR - Spectral Imaging Ltd., announces the completion of several sales agreements of AISA airborne hyperspectral sensors for environmental monitoring applications. “The contracts account for a total value of 1.4 M€ including various AisaEAGLE and AisaDUAL systems purchased by governmental institutes and private remote sensing companies in Germany, Malaysia, Brazil and China. The deliveries will be completed by 2nd Quarter 2009 and the sensors will be used for sustainable forest management, planning of the use of natural resources, precision farming and water quality monitoring” states Dr. Katja Alanko-Huotari, Product Manager for Airborne Sensors at SPECIM. These sales agreements further strengthen SPECIM’s position as a market leading supplier of airborne hyperspectral sensors, with nearly 60 AISA sensors being already in active use globally. Hyperspectral imaging is a versatile imaging technique which provides rich and precise information about targets under investigation. Apart from environmental monitoring, it is increasingly applied in many other areas such as geological exploration and various security and defense applications. Different applications often require different spectral ranges. SPECIM’s AISA sensor family provides airborne hyperspectral imaging solutions from visible to thermal range of electromagnetic radiation thus covering an exceptionally broad range of applications. Additionally, when integrated with other imaging techniques, like LIDAR, hyperspectral imaging becomes an even more powerful remote sensing tool.
Hyperspectral systems have been used for decades in the study of the solar system. Recent advances in automated supervised algorithms are now being used by the latest mineral detection systems in order to rapidly classify hyperspectral data and identify geologically important minerals
Friday, June 12, 2009
President's Story
Dear shareholders,
Today, I would like to talk to you about what brought me in the mining industry.
Plastival, a plastic extrusion company, was the beginning of a series of events.
From 1984 to 1994 I was in charge of developing international markets for this company. I worked regularly with consulates, Canadian embassies throughout the world as well as with various suppliers and distributors.
My work consisted in taking part in several international trade fairs to expose the product range offered by Plastival. These trade fairs led me through Europe, Africa, South America, United States and Canada.
In 1989, Plastival develops a PVC core tray for sample of drilling for the mining industry. Originally made of wood and exposed to the elements such as termites, rain, freezing and moisture, these wooden core trays rotten quickly not counting the villagers of certain countries also using them to make shelters or houses.
This particular product led me in the largest mining trade fairs to meet the leaders of the major companies of mining exploration and various companies of drilling.
The business contacts developed during this period are still very useful for me today for
the development of Universal Mining Corporation.
Seeking always new challenges, the next step for me was to have my own company. I became market development consultant for companies wanting to export their products throughout the world.
In parallel from 1996 to 2007, the real estate market was offering excellent opportunities. Therefore I built myself a superb portfolio in real estate.
At the beginning of 2008, the real estate at the top of its value, I’ve decided to sell a major part of my buildings.
Why gold?
In 2007 and even before that, the tendencies of the world markets were aiming for gold and oil still. I started investigating these two sectors to identify the best place to invest
what real estate has brought me.
I have made several private investments in oil and natural gas companies in Oklahoma, Nevada and Texas. One company in particular had a new technology that was able to detect all sources of natural gas or oil in 8 minutes with an incredible precision. The first three wells they’ve drilled struck with exactitude the pay zone as well as the exact depth the technology had predict. Following the success of this unknown technology still, my question to the inventor was, can this technology detect precious metals too?
The answer was “YES” without hesitation.
After having invested successfully in oil and natural gas, I decided to acquire a gold mine. I spoke about the project with some friends who found the idea so exciting that they’ve decided to invest with me. It didn’t take very long seeking through my contacts to find a mining property with gold resources.
The result of my research is my joint venture with Kansalas Resources in Guinea Conakry.
In order to achieve my business plan and to put in production a gold mine, I needed a public company which would allow my friends to invest in the project and raising $3,000,000 to launch the whole project. I needed a shell already in the mining
sector with a good base of shareholders. With U Mining Resources in Guinea and already in the mining sector, it seemed to me that there was my answer.
As you know it, in the process of the takeover of U Mining some surprises came up.
I can say today that everything is now behind us and that we are progressing positively towards concrete results.
I sincerely hope that knowing a little more about my road map answers several of your questions concerning my competences to manage a mining company.
Thanks again to all of you for your support and confidence towards our common success.
Truly yours,
Rejean Morin
President
Universal Mining Corporation
If UMNG Begins earning mining revenue, I STILL HOPE THEY CREATE Architecture/Construction division. Guinea is dilapidated and requires value adding investments. local companies like umng must advocate development initiatives and illustrate their devout commitment of working for the posterity of Guinea.
Would be nice to see UMNG adding the names of urban planning partners to its profile
I suspect that Maria Spiliopoulos international credentials began with an internship/job that allowed her to participate in the kyoto accords. To foster the continuation and transformation of relationships that she established on the international stage, she helped found eco-kyoto tp be an economic engine for new technology economic development in Guinea. It has been a decade. I think that most can see Eco-Kyoto evolving first into a green construction company and then my plans.....TO accomplish those ends, Guinea's mineral resources must become the edifice of its own capital markets. Ergo, mining leads to capital developments which allow Guinea to embrace environmentally friendly development (mining 1-5% of total land mass)
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N° 195 21/01/2009
GUINEA
Maria Spiliopoulos
This vice president of the Canadian company Hubble Holdings is said to have obtained gold research permits at Siguiri, the region where AngloGold Ashanti Ltd operates. Maria Spiliopoulos is close to the military junta in power in Guinea. In particular, she has a business relationship with General Sékouba Konaté, vice president of the junta and minister of defence. Spiliopoulos is ambassador for the Eco-Kyoto Foundation and CEO of the Agence d’Investigation et de Sécurité de Guinée.
A determined limit to the ever diminishing wealth that can be obtained by military personnel under the current economics of Guinea's governing system has been repeatedly demonstrated by the regularity of their rioting. Real quality of life prospects and very likely an affably familiar American president is likely encouraging and uprighted mindset by coup orchestraters else the ring leader would have stamped the spotlight.
The two biggest obstacles to Kouyatte's return to power were arrested? Interesting!
Who are the current builders in Guinea? If a construction boom has not started yet, then the country is on the cusp. I amwondering if Haliburton or the like or Mineral processing plant builders are making plans. I make the point because the UMNG's president intends to increase its organized labor force, a potent contract earning bargaining chip with the Huge players. Construction and mining...hmmmm. Pitching blueprints for specific construction projects to the Guinea government and financiers will require a who is who of Guinea.
Now someone must buy the concession and pay a profit (Rio Tinto must intend to keep the entire concession. Encourage them to pay the profit as quickly as possible.it is the only clean solution). Keita should focus on RIDN
<SPAN id=intelliTXT>Mr. Keita's discussion is very insightful. It is difficult to imagine him walking away from the Simandou opportunities. The contexts of the discussion seem to indicate that the Simandou concession was awarded to Rio Tinto for the purpose of financing research to determine the areas of mineralization. Having reached advanced stages of the study, the guinea government seeks to enforce its laws based upon the published results of the study (One could argue that Rio Tinto knew this would happen and must now campaign a media defense for shareholders). The article notes Mr. Keita's continuing business related interest in keeping Guinea resources as values for Guinea's development. Applying the concept of Regional Infrastructure Development Networks to West Africa (I like my favored economic geography) with competent talents such as Keita may very well lead to Conakry hosting the 2028 Olympic Games.<BR><BR>notes from the article<BR>1.Rio Tinto makes din across Guinea and international media outlets peddling with the intention of having 100% of Simandou. Article 5.3's basic convention points out definitely that the retroceded areas have to represent a total of 50 for one hundred surfaces of its concession in conditions allowing the working of aforementioned retroceded areas.<BR><BR>2.Rio Tinto retroceded in the State the side, that is to say the perimeter of Simandou where there is not ore and consequently, the retroceded areas are not exploitable. On this point, there is not negotiation to be made! There is the single honest and normal manner of dividing the areas of Simandou into two equal parties: 50 for one hundred concessions in the north and 50 for one hundred in the south.<BR><BR>3.Articles 41 and 42 of mining Code are very clear and they are respectfully irremovable from the sovereign interest of the Guinean nation. Out of respect for Guinea law (mining Code) Rio Tinto should not have the concession before introducing a study of practicability for approbation to the government. As for retrocession, it must make the axis of distribution in two equal perpendicular parts in the longitudinal axis of Simandou. <BR> </SPAN>
Mr. Keita's discussion is very insightful. It is difficult to imagine him walking away from the Simandou opportunities. The contexts of the discussion seem to indicate that the Simandou concession was awarded to Rio Tinto for the purpose of financing research to determine the areas of mineralization. Having reached advanced stages of the study, the guinea government seeks to enforce its laws base upon the published results of the study (One could argue that Rio Tinto knew this would happen and must make a campaign a media defense for shareholders).
The article notes Mr. Keita's continuing business related interest in Guinea resources for Guinea's development. I wonder if Kansalas Resources S.A and Hubble Holdings, inc are apart of his business arms. Applying the concept of Regional Infrastructure Development Networks to West Africa (I like my favored economic geography) with competent talents such as Keita may very well lead to Conakry hosting the 2028 Olympic Games.
notes from the article
R1.io Tinto makes din across Guinea and media influence peddling with the intention of having 100 as one hundred Simandou. The article 5.3 of its basic convention points out definitely that the retroceded areas have to represent a total of 50 for one hundred surfaces of its concession in conditions allowing the working of aforementioned retroceded areas.
2.Rio Tinto retroceded in the State the side, that is to say the perimeter of Simandou where there is not ore and consequently, the retroceded areas are not exploitable. On this point, there is not negotiation to be made and you should not take the Guinean for people of ignoramuses! There is the single honest and normal manner of dividing the areas of Simandou into two equal parties: 50 for one hundred concessions in the north and 50 for one hundred in the south.
3.Articles 41 and 42 of mining Code are very clear and they are irremovable for the respect for the Guinean nation. For the respect for law (mining Code) Rio Tinto should not have of concession before introducing a study of practicability for approbation to the government. As for retrocession, she must play made before the end the study, where from the obligation to retrocede in the State 50 for hundred areas of Simandou from now on. The axle of distribution in two equal parties must be perpendicular in the longitudinal axle of Simandou. Both parties will be composed to each of 50 for one hundred complete areas of concession and they have to have square or rectangular regular geometric form such as demanded by mining Code.
4.If Rio Tinto is making a study of practicability at present, it is therefore obvious that there was serious error by allocating a mining concession without having satisfied the conditions of articles 41 and 42 of mining Code. If Rio Tinto is opening the mine for working, she acts apparently in the opposite sense of Guinean law and consequently, there was serious error by allocating him a mining concession in the failure to observe of Guinean law (mining Code).
The main environmental problems are associated with mineral processing in the quimbaletes wth the corresponding use of mercury and burning of amalgam. However, these plants are easier to monitor and environmental controls can be easily enforced. Adequate training and professional supervision removes the environmental risks from common methods for gold gold processing and refinement refinement. This solution is obtained by encouraging processing in large scale plants (Siguiri-with a modern Wastewater treatment system that encompasses mining zones)where environmental control is much easier, and existing laws and environmental quality protocols are more easily enforced.
Orpaillage- Artisanal exploitation of gold veins is based on hand drilling, using augers or chisels and sledgehammer. Given that it does not require equipment or oil, it is most suitable for remote places. It does not require technical knowledge for operation or machinery maintenance, and production is not stopped by malfunctioning equipment. Work progresses very slowly, at a speed less than ten percent of electric drilling and one percent of pneumatic drilling. Likewise, the investment required is also very low, one percen of electric drilling and 1/10 of one percent of pneumatic drilling.
Minimum investment for joe bloe the informal miner is about $50 and the operating costs for the different mining alternatives fluctuate between $142 and $186 per ounce of gold. However, a substantial part of potential earnings is reaped by gold and supplies traders. Mineral processing in their own plants, as well as direct trading of their gold would substantially increase the profits of miners.
I am an investor. The infrastructure projects are not about ownership; they require company people on the ground capable of connecting to opportunity. Contract Awards (I am getting x dollars from The World Bank, IMF, Big Private Bank, Kentucky Fried Chicken (whatever) to Build y) are equities for business loans (materials, labor, management).
We will learn umng management's intentions this week when and if they detail shareholder information, the B of D, business plans, financing, etc .
I am describing the windows of opportunity for Guinea and companies with operations inside its borders. UMNG is inside Guinea and if its advocates are influential enough and it broadens its business portfolio to include construction as a division of its operations then it can capture World bank, IMF, and other domestic and international financiers dollars for development opportunities. Literally thousands of companies will be conducting business in Guinea (think along the lines of the Asian tigers model). There is no reason why UMNG cannot position itself to participate in Guinea's economic revolution.
*Someone will get the first modernizing Wastewater treatment contract in Guinea before the New City undergoes construction (It is very unlikely that it will be UMNG but if company officials or significant shareholders read the messageboard who really knows, today, what they can do (I live in Hope)
Niger-Tinkisso. 17/01/02; Kankan; 400,600 ha; 11°20'N 009°15'W. Réserve naturelle gérée. An extensive area of river and freshwater ponds and marshes between and around the Tinkisso river and the Niger as far as the frontier with Mali, centering upon Siguiri, particularly representative of the most important wetland types of West Africa. The Western Giant (or Derby) Eland, thought to be extinct in Guinea, has been rediscovered within the site but remains threatened, and appreciable number of both waterbirds and molluscs are reported. Water quality is generally good, but the effects of mining (particularly gold mining) and pesticide runoff from cotton culture will bear close watching. Ramsar site no. 1166.
Hydrological concerns favor the building of the triangulating financial center east of Siguiri, but the fundamental arguments for its construction remain as potently valid as the ramifications for business and governmental interest locating in Guinea.
Siguiri is the perfect site for purposefully designing and building infrastructure supportive of a large modern city. Leveraging (development loans-venture capital) feed loops will put mining development dollars to work building economic stability and growth throughout the entire mining region if it geometrically interrupts the current failed transportation of value system. As Guinea's gold font, Siguiri's native wealth (value) will perfectly triangulate business traffic throughout the Dabola, Kankan, Siguiri, and Nzerekore corridor if a residing modern banking network is established to seat its impetus....Kouyate' may no longer be PM but he can be a business TITAN if named to the boards of well oiled companies starting or with established operations in Guinea because of his resume (better than almost all former and current government officicals who should be just as ready for participation regardless of the scale of immediate personal wins).
Conakry benefits from the modernizing wealth machine's attractiveness to its laboring classes in need of opportunity, from improved taxable resources; its energy hub offshore.....See a comparatively luxuriant real estate boom because of the size of its skilled classes.
Classic : Is the glass held by half full or half empty shareholders? (close. bid/ask)
I restate concerns about the registration certificate and share structure A/S and O/S (local Guineans with clout will invest in companies for the same reason as western investors- return on investment). If the A/S and O/S change to promote the interest of market makers (big caps) then this company is dead in the waters of Guinea development planning and will only scratch out a few million dollars of revenue annually at best if at all.
I am only stating facts about the parameters for Guinea's impending upgrade from third world status not answering dumb questions.
Guinea development: how Kansalas Resources and Universal Mining can be a player (1,000s of companies and 100s of billions of dollars)
Most international companies operating within Guinea are now including language supportive of planning and investing in villages and cities infrastructure improvement projects.
The Kankan to Conakry railway line was likely disabled because of the large numbers of villagers hopping the train to slumtown poverty in Conakry and the promise of a more western life because there was no opportunity for quality of life improvements in their native regions.
Ideally, in the big picture, the Organization of African States, the IMF, UNCTAD, World Bank, etc all would like to see a transafrican transportation system; strategically pinpointed large cities growth; Eco-conscious widespread rural infrastructure improvements that protect sensitive ecosystems and preserve forests; etc.
Resource rich Guinea is purposed by the international community to be another African state financial spark plug for longterm continental development (DD). Building schools and modernizing village life throughout the settled countryside is essential to this planning. City and village planning for population satisfying upgrades (schools, hospitals, city services, pubic employment,etc) are the primary reason for the Guinea government's willingness to suspend or void existing mineral contracts.
The Siguiri mining region is a prime example of the longterm development and migration problems of Guinea. It is currently without a well developed large city and village life is mostly about dancing shantytowns and hard labor for the lucky with squalor as opportunity for many.
There is hope that the region will grow around an urban center that will require a new triangle for the transguinea railway (more transAfrican accessible); this is where the cost splits between the disparate mining enterprises and international financiers become essential.
Companies working in the region will capture labor resources needed to build the infrastructure. Their legitimacy will require connection to mining enterprises. Universal Mining Corporation and Kansalas Resources may very well become school, hospital, private builders, etc. Regardless companies like UMNG will definitely startup in Guinea and connect themselves to local concerns (small companies) and then be awarded lucrative development contracts that will eventually provide handfuls revenues above $200 million.
no. that is just simple business logic. the website investor information page has an update from which I am drawing hopeful inferences.
http://www.universalminingcorporation.com/fr/site/investors/overview
I started to think about the share structures of tshl and uchb and their companies single minded interest in providing financiers (market makers- who always know how many shares you own through them; stock certificates locked down by pending trades or actual possession; and contol over the outstanding float-) with self-advantaging short selling opportunities while Company personnel of the traded companies are in business for set salaries and doing work in their trained vocation (usually engineer of sorts) as their own boss.
universal mining will restore positive share price movement by making clear that o/s and a/s numbers have not changed; that the control position is proportionate to both a/s and o/s; and where the money is coming from while the add is still fresh in our minds. If they hide these facts the opportunity to bump up the share price for also company funding opportunity stock sells will never exist and this company will stay a doormat.
Obviously we are all hoping that production moves quickly (open pit mining) and executive pay is derived from a base pay, dividends, and contract signing awards rather than the awarding of ludicrous share amounts wrom an equally ugly a/s total.
Its as though we've crossed our fingers to hope that new ownership is already carrying a nice bank account that it is investing in development projects to guarantee the best possible returns
Kansala is in the heart of the most logical route for a collaborative development of a transguinea railway.
according to rio tinto, bleaker credit markets are an obstacle to railway development (we want to share the debt burden with everyone that is going to benefit or can benefit from the railway's construction) http://www.riotintosimandou.com/ENG/media/media_releases_705.asp
http://guinea.travel.selfip.com/report/Guinea/Kouroussa/Kanki
http://www.reliefweb.int/rw/fullMaps_Af.nsf/luFullMap/B82E11FF77EC3D30852572DB0052BFA4/$File/wfp_REF_gin070118.pdf?OpenElement
The apparent chaos in the small mine workings belies the highly structured orpaillage system within this region, which is largely led in each village by the village elders’ council, which in turn is led by the village founder family member. He is usually also the landowner of the area in which the village is located.
Each orpaillage site (dama) has a chief (dama tigui) who is the eldest member of the village’s founding family who first practised orpaillage in the area. He is charged with managing all issues relating to orpaillage within the village. The day to day management of orpaillage issues is overseen by the village orpaillage committee (tombolina), led by the Tombolina kutigui.
Orpaillage system at Siguiri
Each village has well-known orpaillage sites within its territory called placers, which are divided into surface units (be) by the village orpaillage committee. The village committee allocates places to dig subject to payment of fees (around 25,000GNF per season in 2007 – equivalent to around US$5). These individuals then need to join a five-person team led by one villager (autochthon). On average each orpaillage hole is exploited by 22 people (see diagram).
Other fees are also collected by the orpaillage committees:
*motor pump owners pay between 100,000 and 25,000GNF to access each unit in each places, from the proceeds they earn by pumping water from holes;
*gold buyers operating in the area pay around 3,000GNF per week; and
*traders doing business in the area (food and other articles) pay around 3,000GNF per week.
Certain rules are associated with the orpaillage and punitive fines of around 10,000GNF may be instituted by the committee.
Every orpaillage committee pays an amount of money to:
*the Communauté Rurale de Développement (CRD) as a contribution towards the development of the village;
*the Prefectoral Office of Mines, which in turn returns 60% of the fees paid back to the CRD in which the place is located; and
*a tax to the Prefectoral Office of Forest Resources for using wood to support their hole walls.
In addition to the income provided to household members, orpaillage is an important source of funding for the villages and, in addition to goods and services for the village, is used for larger scale projects, such as the construction of a water reticulation project in Kitinia and the planning and construction of the Fatoya High School.
Universal Mining Company may appears as a tier in the Anglogold Ashanti( gold miner and trader) and the Guinea government's artisanal mining collaboration.
What has likely occurred is that the government of Guinea sold portions of its bargained interests (15%-of total produced) in the original agreement with Anglogold Ashanti to friends of state local companies employing villagers as artisanal miners. By convenience, Anglogold contracts with these companies as well, because for the most part locals are providing labor power for the entire project.
Universal Mining fits into this arrangement as a financier and resource manager to friends of state companies that can contract and intermediate for other large mining companies at mines throughout the region.
If executives at Universal Mining Corporation have more than just upstart business and political connections along with financial wherewhithal they will accumulatively add at maximum 40-50 million in year to year revenues until they reach the buyout bottleneck.
all that us smallside investors can hope is that the new operators who have stepped to the plate are willing to stake value to the company as compliments to new agreements. Removed share value must be replaced
(This is the i have $______________ amount of (stand beyond doubters for profit) money and i am committing myself to being a corporation engineer because I believe I possess the talent, resources, and connections to lift my business pursuits above ground and I am possessed by the intention of climbing executive level ranks at buyout institutions....)
I am annoyed. You don't place an ad inside Barron's if you don't have a SIGN HERE deal ready to PR to increase the appeal of what is only an advertisement by an empty box that is not worth the risk company until publicly stated otherwise. If you are spending money so freely on advertising for what you know is an empty box (without immediately proceeding gratifiers) then the more time that elapses the more incompetent the fiscally responsible investment community will perceive you (management). Play the cards or Fold NOW stop blowing wind and wasting money even at 500-600 dollars a day propping up the stock price
well if you are going to spend money on an add inside Barrons, then you had better act swiftly to solidify the appeal of your company by adding measurable assets. Otherwise the stillness will kill the investment.
Additionally, the best time for share price propping is during december. So adding real value assets can allow insiders to advantageously recoup investments at inevitable tax costs. In real terms, for large shareholders, paying taxes 9 months from now is less uncertain (cost dangerous-selling competition) than paying them 21 months from now.
Universal Mining Corporation
http://www.universalminingcorporation.com/fr