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Excellent points about Fresnillo. The best place to look for gold is right next to a massive gold mine like Fresnillo's. How far is Santa Elena from Frenillo's mine ?
Most definitely not hapless as he is now proceeding into production on his own. I would say he is tenacious, self-reliant and highly skilled.
I own both these promising stocks. I can't say any more.
Very nice overview by Vestor:
https://stockhouse.com/companies/bullboard/v_tlt?symbol=v.tlt&postid=30386636
vestor111 (616)
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November 24, 2019 - 07:12 AM 223 Reads
Post# 30386636
RE:RE:RE:RE:RE:RE:RE:Another GBM trial using ALA...
A couple of more points Quattro, there of course is the exchange and the sector. Some biotechs have a one shot deal going on what could be an improvement at the edge.
TLT's solution is far from being another compound added to a long list of compounds be thrown at a cancer treatment problem in the hope of a slight improvement to the collective mix and match of compound in a cocktail of treatment than can run into years and literally cost hundreds of thousands and may require a patient to basically live in, next to or near the treatment center.
(Bear with me...I periodically feel the need to re-run the video tapes...to refresh my neural pathways after liberal doses of various weekend (ok, maybe daily) elixirs.
TLT's solution is a low cost, stand-alone suite -(perhaps aided by cannabinoids), which employs a low tox and very dark stable, Ruthenium based compound that is so benign as witnessed thus far that can be used quickly and repeatedly.
The compound can be readily absorbed by virtually all cancer cells due to virtually all cancers common need for iron - massive amounts of iron; up 16 to 20 times as much iron as healthy cells.
That is a huge difference in iron demand - it cancer's universal weak link being exploited by Dr Sherri's compound (Yes, in terms of endearment having exchange emails with our geeky, brilliant scientist not to mention having a common acquaintance as it turns out. That common acquaintance may soon be visiting my daughter in Thailand where she is teaching but I digress....)
Dr Sherri created deadly food for cancer to put it on its simpliest terms.
This includes Stem Cell cancers as well, which as we have seen from the great collective work of this board. Stem Cancers may very well be the mechanism that spreads cancer like a prairie fire! And TLT/s solution destroys Stem Cancers as well...due to the fact that virtually all cancers voracious need for iron. (Ruthenium is a Group 8 outer valance chemical look-alike to iron. The body has no idea of the difference as far as the body is concern Ruthenium = iron. One minor point I am curious about will ruthenium's larger mass displace iron on the transferrin taxi ride to the cancer cells? Wouldn't that be interesting!)
Dr. Sherri's compound looks so much like iron on a molecular level that not only is it shuttled around the body by iron's evolved transferrin mechanism of iron transport which takes it right through all the body's protective barriers. These barriers have thwarted many other would-be solutions, BUT perhaps more importantly, patented Rutherrin is absorped directly into the cancer cell through cancer cells abundant transferrin receptor sites that stud the cancer cell like entry points to a concert stadium. (Starring Rutherrin and their new global hit "Activate Me Baby and I Will Show You What I can do!")
Once in the cancer cell, TLT has the visual evidence from the MOA PLIM/FLIM studies on Germany that proves the effectiveness of creating Reactive Oxygen on a molecular level upon light activation. AND Reactive Oxygen cellular destruction causes a NATURAL immune response (ie no tinkering with the patient's DNA to achieve immunity).
This amazing when you think about it! AND This natural immune response can be enhanced by training bigger armies of a patient's own T-Cells to join the fray in killing any residual cancer throughout the body! This vaccine can be personalized or even made a generic vaccine. (And who knows, maybe patients will get "booster shots" to restimulate the immune system if they appear prone to variously known genetic proclivatives to cancerous defects like those that genetically afflict many families of women with breast cancer. When you think about it, this potentially negates the need to screw around with anyone's genetics and all of the complications those therapies have exhibited.)
To add to this incredible unfolding story are all of the patents with more compounds pending as it seems evident from Dr Sherri's ongoing work, that has taken her step by step closer to the centers of advance research - from the remote wilds of Canada (I think my Canadian friends and neighbors would admit the U of Acadia is the wilds of Canada which may alway be lauded as the launching pad for this future Nobel Prize winner.) to being close to Houston's MD Anderson, as the research world vies for her work and the decades of research that will undoubtedly flow from her work.
Rutherrin is now patented in virtually all the world's major markets. And these are "cover the waterfront" patents that literally thousands it not tens of thousands of similar or derivative compounds. (With more to come!)
Theralase owns this PDC space that was worked on by the iniustry decades earilier and then abandoned as big pharma moved their attentions elsewhere...like the lucrative but perilous path of tinkering with generic codes for a genetic subset solutions for those suffering a specific genetic defects. Then even more perilously and perhaps absurdly, these big pharma players have attempted to turn these very specific genetic therapies on everyone in vain effort to increase the patient pool based on very dubious assertion that these genetic tinkering therapy might be able to work for everyone! (This, on face value is absurd (to me at least) and appears both desperate and greedy.)
Then there is TLT's patented control platform, that has been optimitized and simplified with advanced dosimetry to help insure "goldilocks dosimetry", Not too hot and not too cold but just the right amount of light energy. All lead by Dr Lilge - a pioneering leader in the use of physics in photonic activation therapies. TLT's solution is a very unique marriage of chemistry, physics, medical photonics and advanced computational mathematics.
Theralase owns this! Globally.
Rutherrin: A stable and deadly food for cancer which when light actived creates an immune response to cancer that can be enhansed into a vaccine AND it can be used on virtually all cancer including large hypoxic tumors and stem cell cancers.
Ok I am done.. the caffine is wearing off...please feel free to correct, modify and perhaps share with family and friends as I plan on doing. Cheers out! A revolution in the making and we have ring side seats. "Activate Me Baby!"
Looks like we have a golden cross now! For the first time in almost 2 years the 50 dma is higher than 200 dma.
I don't believe the rhetorical question was in reference to the "story" or level of excitement, but rather price action which speaks for itself and can't be spun. Mexus was the best performing junior gold stock in 2016 with a 10,000% move from 0.002 cents to 20 cents.
With 150% price gain YTD, there appears to be early signs indeed of a repeat performance. Enjoy the show!
Yes I do strongly believe in gold/silver and do have around 10x the dollar amount that I have invested in FMG in 2 higher quality names: MUX and what used to be known as Central Fund of Canada but is now one of the Sprott PM bullion funds.
This is Jim Voisin's response posted on SH:
>>
RE:Question on Jim Voisin's share holdings
I forwarded your question to Jim for his response and this is his response FYI :
Hi Harjay
Sorry I really don't know how many shares I own between my Wife, Company and me. I'll have to add them up before the circular goes out for the AGM. No, none of the 10 Million were for me. They are a commodity when there is no cash. I'll likely buy a few haha!
Stay Tuned!
Best
Jim
<<
Here is my take:
I am not too worried, as the CEO has already demonstrated strong commitment to the company and its shareholders. Hard times in the junior space requires making some hard choices. In this case he has sold down his shares in order to pay expenses. This is preferable to having increased the shares outstanding in order to pay himself a salary, IMO.
I suppose one should wait for more clarity before investing in FMG, like for the financing to be in place. But then one may have to pay 10 cents per share. I believe the next leg of the gold/silver market has started or is a few months away from starting and I wanted cheap exposure to silver which I think will out perform gold by a factor of 3x. So my plan is to wait 2-3 years with this one, at which point financing will be in place and gold/silver revenues from heap leach production at Karen zone which should help finance further exploration on the promising Diana zone.
Yes, it would be a big red flag if the CEO is no longer the biggest shareholder. I think the SEDI total count has an error. I have posed this question on both SH and CEO. I will also try calling Jim Voisin, whom I have never talked to before.
That would be news to me that Jim Voisin sold 6 million shares in last 7 months. I count 1 million shares being sold in the last 6 months:
https://www.canadianinsider.com/company?ticker=FMG
I do know that he is not taking any salary the last few years and has been selling shares to meet personal and company expenses. I heard he has depleted all his savings as he has stuck with this company the last few years.
The share count since the IPO increased from around 40 million to the current 90 million since 2012, of which 10 million shares were recently issued when the $10 million financing was announced last year. I would assume several millions of those would go to him. The financing has not closed and is still in progress. Who knows it may not close. But with gold headed to $1500+ and silver to $25+ over the next year, I think other financing options will open up, if the current one falls thru. While we wait the CEO has shown that he can keep the company afloat without destroying the share structure thru dilution.
I do agree that there is more uncertainty with this stock, but it is priced in. You can call Jim Voisin and ask him any questions you like: 519-699-5352. My strategy is to invest a pool of money into 3-4 stocks with 20-50x potential. The other 2 are TLT.V (cancer biotech) and GRB.V (real estate block chain).
This is what I posted on Stockhouse and CEO websites a few weeks ago around the time I was buying into FMG:
Bought back in this week
I bought back in this week my position that I briefly held for a few weeks in 2017. Here are my thoughts from my initial DD research:
Pros:
-very nice property with high grade near suface deposit which looks to be heap leachable. Lots of exploration upside.
-high percentage of metal value being silver gives nice leverage to silver. There are not many silver plays. And the second most valuable metal is gold which is much more preferable than the base metals of most other silver plays. This could be an extremely low cost silver producer after taking into count credits from gold by-product.
-potential for starting up a small scale, low capex, heap leach operation that could be very profitable and help fund the development of the rest of the property.
-very low valuation of under C$2 million
-very high insider ownership by CEO and who is also very frugal, trustworthy and considerate about not diluting existing shareholders.
Cons:
-Ability of management (CEO) to execute is a big question mark. He definitely picked a great project as the foundation for the company. But so far he has been unable to close on a JV deal or financing deal after multiple attempts. If he is able to raise the needed financing can he execute on all the complexities involved with starting up a new mine ? His past track record prior to FMG provides very low confidence on this score. However his ability to survive the long painful slump in the junior resource market since 2011 with the share structure intact and still owning the property is a very big positive.
#1 reason silver and silver stocks will explode higher:
https://www.youtube.com/watch?v=26AIReJniwc
My favorite silver/gold stock is First Mexican Gold (FMGXF/FMG.V). They have a high grade heap leachable gold/silver project in Sonora, Mexico. The CEO is trustworthy and owns 10% of the company and has not diluted existing shareholders in the last 7 years. There are only 90 million shares outstanding and there has never been a reverse split. The company is tightly held (heard that around 15 shareholders own around 40% of the company) and so is thinly traded and so you need to buy it slowly so as to not drive the price up. I bought into FMGXF over the last few weeks at around US$0.0154.Their plan is to start a small heap leach mine in the Karen Zone and then use the cash flow to develop the larger Diana zone. If interested here are some DD links:
https://ceo.ca/@hoover/first-mexican-go ... ora-mexico
http://cdn.ceo.ca.s3-us-west-2.amazonaw ... erview.pdf
Below is from a Northern Miner article dated around Jan 2012:
While giving The Northern Miner a tour of Guadalupe in mid-October, Voisin recalls that he came across the early stage property as the former head of another mining junior. Voisin had visited what is now First Mexican’s prized property in 2006, but decided that company wasn’t set to venture into northwestern Mexico. “But I was extremely taken by the property when I was there,” the 54-yearold executive says. “When I came down the mountain and looked at the guy I was with, I said, ‘I’m going to take this mountain down.’ And we probably will now with First Mexican. “I knew who owned the property, so I called them and asked if they would like to sell it.” And that’s how the story started. Voisin got in touch with previous owner International Millennium Mining (imi-v), and from there launched First Mexican Gold, formerly named Auric Development. First Mexican completed a reverse merger of Auric on Dec. 29, 2010. Prior to that in January 2007, First Mexican secured a 60% option from International Millennium to earn into the original 30, 37 and 38 Hilda properties. The properties altogether are known as Guadalupe, after the concessioner Guadalupe Rocha, who named the targets after his wife Hilda. To keep with the pattern, Voisin has subsequently dubbed every new zone after a woman, starting with labelling the project’s highest-grade gold zone after his wife, Karen. “It’s pretty fun,” he says with a chuckle. “I never forget the names of the zones. So I kept on with the naming of related women that Guadalupe Rocha started by naming them Hilda.” His two daughters, daughter-in-law and granddaughter all have zones named after them. In 2009 First Mexican increased its option in the Hilda properties to 80%, by agreeing to spend $3 million on top of its previously pledged $1 million. Before focusing on drilling, the company locked up more ground around its original 13-sq.-km concessions. The land package has since grown to 151 sq. km. Most recently, First Mexican added to its land position by closing a joint-venture agreement with Kootenay Gold (ktnv) on an adjoining property
It also spent a significant amount of time and cash to erect a modern camp on the Guadalupe property and build 40 km of road to access the project’s potentially rich targets. With most of the infrastructure in place, First Mexican is now ready to explore. Guadalupe is about a four-hour drive 190 km east-southeast of Hermosillo, the nearest major city. After passing a quick military checkpoint on the junction of highways 16 and 11, we veered off the highway and continued 18 km on a sparsely maintained gravel road to the property, passing the Guadalupe of Tayopa and Santa Ana villages in the Yecora district. After a quick tour of the camp — which can house up to 12 — we headed to assess a few of the targets. The project hosts more than 10 targets underlain by favourable Cretaceous-Tertiary andesite-rhyolite volcanic stratigraphy. These rocks are part of the Sierra Madre Occidental province, which hosts several epithermal goldsilver mines and mineral occurrences. The three main targets the company plans to explore include the Diana, Erica and Karen zones. It also hopes to further examine the known potential at the Karen East, Bailey, Linda, Luce and Katelyn zones. Some of these zones could host 1 million equivalent gold oz. or more, First Mexican’s CEO predicts. While the company aims to eventually develop all of its targets, it notes that amid the current market conditions, it will make calculating an initial resource estimate at the Diana zone its top priority. “We can do at least half a million ounces [of gold equivalent] on Diana,” Voisin reckons. “Then people can start to take us more seriously. But I think that will be just a scratch on the surface.” The junior anticipates putting out the resource estimate on Diana by next year’s third quarter to garner the market’s attention, and in turn lift its share price. The company’s shares last closed at a 52-week low of 10¢ and reached a 71¢ high on Jan. 21. As of this December, it
had 37.9 million shares outstanding. While the property requires a lot more drilling, Voisin says Guadalupe has already received some interest from two majors. The company is looking to get some help to speed up the property’s development. “I’d like to get some assistance,” Voisin admits, who believes the company and its neighbour Corex are sitting on a large, copper-gold porphyry. “Whatever it is, it’s big. It would take us two or three years to figure it out. If we can get a major it will reduce that time, and they can come in and put the dots together.” But he adds a lot of thought will go into who First Mexican will partner with. “I am being a bit like a princess at the ball,” he says, cracking a smile. “This type of property doesn’t come along every day. So I want to be very careful about who I dance with.” In the meantime, the company has been working alone on its sizeable land position. In early November it brought a second drill rig to complete 1,200 metres, or five holes, on its high-priority targets. Two of those holes will test the western extent of the Diana zone. The company completed three holes on the zone early this year as part of an eight-hole program, which delineated 400 metres along the eastern extension. The holes intersected 0.77 gram gold and 105 grams silver over 16 metres, 0.47 gram gold and 135 grams silver over 29 metres and 0.42 gram gold and 86 grams silver over 49 metres. Near the end of October, the company said fieldwork indicated that the Diana zone could extend another 500 metres to the west for a total of 950 metres. The zone is thought to be almost vertical, with fractured brecciated structure from 30 metres to 40 metres in width. First Mexican is confident it can prove up an economic, bulk-mineable, low-dilution gold-silver deposit at Diana, a target it discovered through prospecting and surface sampling in 2010. “Diana is a miner’s dream,” Voisin says, while driving to the zone sitting on the Hilda 38 concession, “because it’s right on the crest of the mountain. You couldn’t ask for it to be any sweeter or easier to mine.” If all goes as planned, the company aims to start a resource drilling program in mid-January, which should take four to six months to complete. The program will drill 30 holes in Diana’s eastern flank. “We have designed this next drilling campaign at Diana zone on fifty-metre spacing, as we believe proving up continuity over Diana’s eastern flank in this manner can represent a large resource target,” Voisin said in a press release. Elsewhere on the property, First Mexican believes Karen East is a vent associated with the mineralization that it intersected earlier this year at the Karen zone, which is 300 metres west and downhill from Karen East. In late November, the company said it aimed to test the Karen zone’s vertical extent and strike with three more holes. As part of a small program conducted from January to February this year, the explorer had drilled five holes into Karen, of which three hit significant mineralization. Highlight hole 11-05 cut 33 metres of 4.27 grams gold, 395 grams silver and 1.24% copper per tonne. During mid-2009, before the company went public this year, it intersected the best intercept to date at Karen. Starting at surface, hole 9-03 cut 38 metres grading 6.51 grams gold and 678 grams silver. Karen was used as the company’s main zone to take it public. First Mexican debuted on the TSX Venture Exchange at 35¢ a share in early January, raising $2.16 million. The junior also anticipates testing its Linda zone, along with the northern portion of the Erica and Bailey zones. The Bailey zone hasn’t seen any drilling yet, while Erica received a few pokes but failed to produce significant results. “Our problem is that we have lots of targets, and we need more money,” Voisin says. “We have so much property we haven’t touched.” At Linda, the company recently completed surface sampling and geologic mapping to start drilling. “Linda is very sexy, it’s very vuggy,” Voisin says. He adds it has taken the company some time to figure out how best to drill Linda because it has a large leach cap. The company drilled its first hole at Linda in early December, and will drill another in 2012. With a string of targets lined up for drilling, the junior recently announced a non-brokered private placement to help fund ongoing exploration. First Mexican is preparing to sell 2.5 million units at 12¢ apiece to raise $300,000. Each unit will consist of one share and half a warrant, whereas each whole warrant can be exercised at 15¢ for two years. While First Mexican is slowly working away, the company hopes the effort it puts into Guadalupe will help propel it into the spotlight. “Anything that is real takes time. You do little steps. First you walk — then you run,” Voisin says, who is confident that with the right mix of diligence, rich targets and more funds, First Mexican could become the next big thing. The Beatles played in a basement pub for years before becoming an overnight success, he says, adding that “we could become an overnight success. Come out of nowhere. It happens.”
According to McEwen, the tone of the stock market for explorers has changed over the last 6 months. 6 months ago the market would have ignored good drill results, but no longer. He gives 6 examples of companies that are up from 50 - 500% in the last 3 months after good drill results.
Here him say this at the 6 min mark:
Not kidding, I didn't think Tonogold would come thru. Also I couldn't resist buying Mexus shares for a big discount to where they were trading at the time in March.
Looks very promising. Unfortunately I missed the pop in Comstock as I had sold my position a couple of weeks prior and moved into Mexus, after coming to the realization that it wasn't a scam.
Checkmate28, thank so much for getting back to me and sharing your PDAC thoughts. Minera Alamos is in my top 3 holdings, with the other 2 being Gran Colombia and McEwen mining. I would be curious how Minera Alamos would rank as compared to your top picks post from couple of months back:
checkmate, curious if you had a chance to talk with minera alamos at PDAC ? If yes, I would appreciate it if you could share your thoughts on it.
Q: Why should I support the Resolution?
A: The Corporation has proposed the Offering for the following reasons:
Simplified Capital Structure – By approving the Resolution, Shareholders will enable to the Corporation to have just one long-term debt instrument.
Enhance Shareholder Value – This is done by capping the potential dilution to existing Shareholders, through exercise of the Warrants, at up to 18.8 million additional Shares compared to a range of 18.7 million to 72.1 million additional Shares underlying the Outstanding Debentures.
Operational Flexibility – The terms and covenants of the new Notes also provide the Corporation with improved operating flexibility to execute on its strategy and business plans.
Yes some similarities, except Chestar Millar has a track record of decades of success with building multiple junior companies, which PT does not.
So the more important question is why would one prefer to invest in PT's startup company MXSG, when one could invest in chester miller's latest startup company CGEKF instead ? Both are selling for roughly the same market cap. Osisko Gold Royalties recently bought 25 million shares in Corex:
https://web.tmxmoney.com/article.php?newsid=8224749899090058&qm_symbol=OR
I don't see similar large buying in Mexus ??
There is the odd startup miner who knows what they are doing
I think for the reasons you mention that Tonogold has a reasonable shot at raising the 2 million. Hopefully if the don't exercise the option it will be because they couldn't raise the 2 million and not because the Lucerne property is unattractive. If they don't exercise, then Tonogold will not only be out $200k, but will owe Comstock $1 million minus the money they spent during the 6 month option period.
Minera Alamos to merge with Corex gold:
>>
Darren Koningen, President and CEO of Minera Alamos, said, “The combination with Corex is the next phase of our previously announced strategy of acquiring and advancing low development cost gold projects. The Santana project is highly complementary to our existing portfolio and offers tremendous resource upside, coupled with a unique ability to fast-track the Company’s transformation into a gold producer utilizing the existing heap leach infrastructure already in place at site. We are well-positioned to grow quickly into a leading junior gold producer with significant exploration upside.”
Doug Ramshaw, President and CEO of Corex, stated, “I am extremely excited for the prospects of the combined company. We are reuniting the Castle Gold development team led by Chester Millar and Darren Koningen which successfully drove the development of the El Castillo gold mine subsequently acquired by Argonaut Gold for C$130 million. For Corex shareholders we expect the transaction will allow for the accelerated development of Santana towards a commercial scale production decision and we will also benefit from the pipeline of high quality development assets in Minera Alamos.”
<<
https://web.tmxmoney.com/article.php?newsid=7343842541288062&qm_symbol=MAI
Pretty much agree with what you say. My only quibble would be that I am expecting closer to 2 million oz/yr silver from Cerro Bayo, since that is the rate they were producing before the flooding out the mine down.
Add in another 4 million oz from Challacollo mine in 3 years time, and that is 6 million oz silver between these 2, which would make it a fairly substantial producer.
I thought this was an excellent presentation of the company from Dec 2017:
How profitable is Cerro Bayo at current silver price ? Don't we also need a large rise in silver prices along with Cerro Bayo restart to get a 10 bagger ?
My understanding is all the permits needed to reopen Cerro Bayo will take around 12 months, so some patience is needed here. But they are actively looking for another acquisition, so there is another potential catalyst here, while we wait for Cerro Bayo to come back online.
In the presentation the company says everything is going well, then they come up with the bombshell of a 180 million share rights offering at 13 cents. Yet there is still no updated presentation on their website to discuss the rationale for the rights offering.
from latest 10Q:
Future Potential Dilution
Most of the Company's convertible notes payable contain adjustable conversion terms with significant discounts to market. As of September 30, 2017, the Company's convertible notes are convertible into an aggregate of approximately 293,542,262 shares of common stock. Due to the variable conversion prices on some of the Company's convertible notes, the number of common shares issuable is dependent upon the traded price of the Company's common stock.
=> based on the above potential dilution, I won't be buying any more shares in BMIX until there is some clarity/resolution on the conversion. If there is conversion at anywhere near the current low share price, then I may double up in order to preserve my percentage ownership.
Hopefully the company has learned from their mistakes and also will soon be generating some cash flow and so this will be the end of the extreme share dilution.
No. I am mostly done buying for now and am satisfied with the big block I bought yesterday, hopefully it was from a short or a basher. Might add a little more in the low .004's.
Do you or anyone else have a handle on the remaining toxic debt and whether a ton of new shares will need to be issued to resolve it ?
My DD shows Marc's resume to be real. Whether he is competent to lead a cash poor resource company is a different question. Seems like a good spec though at these prices, now that they are getting close to cash flow break even. I added 1,240,800 shares today in a single purchase transaction, bringing my total holdings to 1.6 million shares.
They cleaned up their debt situation, but not sure how much toxic debt is left.
The R/S would not have any impact if it wasn't for the $3.5 million per year cash burn rate, hence the need to keep issuing shares at what ever the market price is. The company has signaled via the R/S their intent to keep spending money even if it is not adding any value to the enterprise.
At the last AGM they touted how they had reduced their cash burn rate to a still very high $2.5 million. But now they are saying they want to spend $3.5 million per year, which they can't afford IMO.
Widespread militia activity, political unrest drive millions from their homes in DR Congo, UN warns
A family flee violence in Kamonia, Kasai province, Democratic Republic of the Congo. Photo: UNHCR/John Wessels
A family flee violence in Kamonia, Kasai province, Democratic Republic of the Congo. Photo: UNHCR/John Wessels
24 October 2017 – Some 3.9 million people across several regions of the Democratic Republic of the Congo (DRC) have been displaced from their homes, and amid growing violence and unrest, the United Nations refugee agency warned on Tuesday that the number could rise even further.
According to a spokesperson for the Office of the UN High Commissioner for Refugees (UNHCR), over the last three months alone, more than 428,000 people have been displaced.
“With widespread militia activities, and unrest and violence fuelled by ethnic and political conflict affecting many areas, the risk of further displacement is high,” UNHCR spokesperson Adrian Edwards told journalists at a regular briefing in Geneva today.
“The challenges of getting aid to people in need are growing fast,” he added.
In particular, the regions of Tanganyika, North and South Kivu, and Kasai are the worst affected due to intercommunal clashes, fighting between armed groups and increasing number of armed militia.
Complicating the matters is the onset of the rainy season, that has necessitated the need to beef up public health, sanitation and water supplies to prevent the outbreak of disease. Psychosocial support as well as care for people with specific needs is also urgently required.
In light of the worsening conditions, the UN agency and humanitarian partners have declared the situation in DRC to 'level 3' – the highest level of emergency.
Level 3 emergency
In the context of Inter-Agency Standing Committee (IASC), a Level 3 emergency would typically be a sudden onset complex emergency requiring the activation of a UN system-wide response, with agreed mechanisms, tools and procedures.
Glossary, UNHCR Global Report 2014
In addition to the people displaced within DRC, over 620,000 Congolese refugees are sheltering in more than 11 African nations – about 100,000 of them within the past one year.
And at the same time, the number of refugees from neighbouring countries seeking refuge inside the DRC has grown by a third since early 2016 and now stands at 526,000 people.
“We continue to see new arrivals from Burundi, the Central African Republic and South Sudan,” said Mr. Edwards, noting that funding is urgently needed for the response.
Bettina Luescher, for the World Food Programme (WFP), said the agency is scaling up capacities in the provinces of Kasai (proper) and Kasai Central – the hardest-hit of Greater Kasai's five provinces, with a threefold increase in the number of severely hungry people over the past 18 months. Two thirds of the severely hungry are in Kasai province alone, she added.
Of the $236.2 million required for the needs of refugees, IDPs and other people of concern in the DRC, only $49.7 million has been received so far – a fifth of the amount required.
http://www.un.org/apps/news/story.asp?NewsID=57949#.WfCWMEyZPao
>>Black Fox and the other Timmins properties have huge potential for this company along with Goldbar and the Argentine property.<<
wshaw14, Goodbar seems like a lucrative but quite small mine. Do you really think it has huge potential ?