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There seems to be support for better goverment from other WA members. Reviewing all mining contracts is not uncommon and suspending production is not that uncommon.
Sierra Leone just went through a similar review.
AU, SMF may put out a PR explaining any potential impact early next week.
Could be that Businesses have been concerned for some time considering that the old goverment was a house of cards.
Goodnews is that maybe some negative posters will now leave this board.
Then NBRI will is now important.
Looks like HMIT made a smart move into BC, no wonder they put $100k up front.
Mike, I believe that Moussa Dadis Camara's statements was directed to his audience, which includes ECOWAS as reasurrance in that Guinea is not going rouge.
GEORGE SOROS PLEDGES CONTINUED SUPPORT FOR ECOWAS
“We are pleased and ready to continue our assistance to ECOWAS because we
stand for regional cooperationâ€.
These were some of the opening words from the Chairman of the Open Society
Institute (OSI), Mr. George Soros, when he led an eight-member delegation to
the ECOWAS Commission in Abuja on Monday, 11th February 2008.
While expressing satisfaction at the cooperation with ECOWAS in the field of
conflict prevention, election monitoring and consolidation of democracy and
good governance, Mr. Soros stated that if ECOWAS is strengthened and
adequately supported, it will contribute immensely in solving many of the
problems in its Member States.
The OSI boss, who said election is crucial to the transition of power,
advocated the creation of a regional system to monitor elections as well as
provide assistance in electoral matters to Member States.
He lauded the establishment of ECOWAS, a regional economic integration body,
as a very significant development, noting that it can now set standards in
election matters and in the protection of human rights in West Africa.
In his remarks, the President of the ECOWAS Commission, Dr. Mohamed Ibn
Chambas, expressed appreciation for the good work Mr. Soros is doing for West
Africa.
Describing Mr. Soros as supporting a worthy cause, he recalled the assistance
given to the regional organization in developing a common mechanism for good
practices in electoral matters.
Dr. Chambas also recalled the decision of ECOWAS Heads of State and Government
on zero tolerance for unconstitutional access to power and thanked the Open
Society Institute West Africa (OSIWA) for its assistance in setting up the
ECOWAS Electoral Unit which has contributed to the establishment of credible
institutions and the organization of free and fair elections in ECOWAS Member
States.
The implementation of the 1999 ECOWAS Protocol on Conflict Prevention,
Management, Resolution, Peacekeeping and Security and its supplementary
Protocol on Democracy and Good Governance of 2001 has guided ECOWAS'
activities in this regard.
The two parties agreed to extend their cooperation to areas such as managing
revenue from natural resources in ECOWAS Member States.
Included in Mr. Soros' entourage were the following: OSI President, Mr. Aryeh
Neier; its International Operations Director, Mr. Georges Ross Vickers; its
Executive Director, Revenue Watch, Ms Karin Margareta Lissakers; its Africa
Regional Director, Ms Julie Ann Hayes and OSIWA's Executive Director, Dr. Nana
Tanko.
PS Now Mike M. if you could be more like George Soros I might give you a break.
West African oil shipments in January to China may rise to 548,000 barrels a day in January, mainly because of increased refinery production, survey respondents said.
India has booked shipments of about 251,000 barrels a day for January, the traders said.
Most crude oil from West Africa is classified as light and sweet. They yield more gasoline, diesel and kerosene after processing compared with Middle Eastern varieties.
China, West Africa initiate trade forum for stronger economic ties
GOV.cn Tuesday, September 23, 2008
Nearly 500 business leaders of China and West African countries on Tuesday gathered in Beijing to seek ways to further their economic cooperation.
China and the Economic Community of West African States (ECOWAS) opened their first-ever economic and trade forum on Tuesday morning.
"Thank you for bringing so many African trade ministers and business leaders to this forum," Chinese Vice Premier Wang Qishan told President of ECOWAS Commission Mohamed Ibn Chambas.
Chambas headed a delegation of 450 private and public sector operators, which were from the 15 ECOWAS member states, for the four-day inaugural forum.
As a follow-up action to a successful China-Africa cooperation summit in 2006, the forum focused on investments in infrastructure, exploitation of natural resources, agriculture, banking and other services.
While meeting with Chambas, the Chinese vice premier reviewed the long-standing friendship between China and Africa.
"China and West Africa are economically complementary and enjoy great potential for stronger cooperation," Wang said.
Wang said China and Africa should continue to innovate their ways of cooperation and create more areas for joint development.
The Chinese government would encourage those businesses with strong performances and good credit to participate in African development, Wang said.
In response, Chambas said the establishment of the trade forum would provide a regional platform for better economic collaboration between China and ECOWAS, which has a population of nearly 250 million people.
China and ECOWAS also signed a memorandum of understanding on holding the forum annually.
Hope so.
I am interested in comments from China, Egypt and Saudia Arabia.
These countries are investing in West Africa. The US is not interested in WA. US is interested in South America.
Guinea junta leader says will not cling to power
Fri 26 Dec 2008, 3:24 GMT
By Saliou Samb
CONAKRY, Dec 26 (Reuters) - Guinea's new military ruler said on Friday he had no intention of clinging to power and that it was vital to stamp out nepotism in the West African country.
Captain Moussa Dadis Camara's junta was endorsed by deposed Prime Minister Ahmed Tidiane Souare on Thursday, but Washington condemned the coup in the world's biggest exporter of aluminium ore bauxite and demanded an immediate return to civilian rule.
"We are patriots ... We have no intention of clinging on to power," Camara, whose junta has promised to hold an election in two years' time, said in comments broadcast by France 24 TV.
"We must hold an election, free and transparent, in a dignified way to honour Guinea, to honour the Guinean army. The future of our country is peace, freedom, reconciliation," said the army officer, little known before the coup.
"After that, the most important thing is to fight injustice, nepotism, in order to take up the challenge of relaunching the economy of our country."
The coup went ahead in the political vacuum caused by the death on Monday of President Lansana Conte, the diabetic chain-smoking general who had ruled the former French colony with an iron fist since seizing power in 1984.
Camara, chosen on Wednesday to lead the 32-member National Council for Democracy and Development junta, has vowed to fight the corruption that he said had become endemic under Conte's rule. He says he will not stand in the planned election.
U.S. CONDEMNATION
The United States said the military in Guinea must work with civilian leaders to swiftly restore civilian rule.
"The United States condemns the military coup ... We reject the announcement by elements of the Guinean military that elections will not be held for two years and we call for an immediate return to civilian rule," said a U.S. statement.
"The human rights of all citizens must be respected, particularly those of Prime Minister Souare and the members of his government," it said.
On Thursday, Souare and several of his ministers reported to the Alpha Yaya Diallo military base in the capital Conakry, as instructed by the junta, which on Wednesday replaced regional chiefs appointed by Conte with military commanders.
"Mr President, members of the National Council for Democracy and Development, we thank you and we put ourselves at your disposal," Souare told Camara in comments carried by Radio France International.
The soldiers who mounted the coup appeared unopposed in their control of Conakry.
Many businesses were closed in the capital on Thursday and soldiers patrolled the streets, though roadside vendors were working as normal and people and cars moved freely.
Mining operations have not been affected by the coup.
International companies including Rio Tinto <RIO.L>, Alcoa <AA.N> and United Company Rusal mine in Guinea for bauxite, the raw material for aluminium.
The United Nations, African Union and European Union have also condemned the junta's takeover -- the most recent failure of democracy in Africa after a coup in Mauritania in August and post-election violence in Zimbabwe, Kenya and Nigeria.
France, which holds the six-month rotating presidency of the EU until next month, called for an election to be held soon.
A clock to what?
see link
http://zfacts.com/p/461.html
GOLD in troubled times...nothing like except maybe Silver
Mike does not care about anything or anyone.
His intent is to make fun of anyone invested in HMIT.
We will just have to wait and see what happens..the future does not belong to Mike to predict.
Not to sure why all the fuss about $30K when HMIT wants $500K to get moving.
Interesting that the price did not go above .015, was there a price cap?
IMO how about 10M goes for an average of .0135 or $135K and 3.3M was retail sellers selling into the vol.
Buyer agrees to buy retail as part of a financing agreement?
NEWS soon? Well I be! how about that!
No - I will buy GE when it get to $5.00
Good positive action today.
I wonder hoe GE is doing? oops GE is down.
I do not see the below example happening with HMIT.
Do extensive Due Diligence before we decide on which stock to invest. If find out that one of these small companies have recently completed a Reg 504 (which is the kiss of death), we promptly cross that company off our list. In many cases if a stock is trading at .50 but does not trade much like 2000 to 8000 shares a day. What seems to be a pattern in many of these starving companies is that a promoter or VC will suggest to the company to issue a Reg 504 but at an extreme discount to market... Reg 504 companies can raise up to 1 million each year. In most cases the VC or promoter will convince the company to issue the 504 shares at .10 or lower even thought the stock is .50 cents. Then the shares are freed up thru a loop hole in the SEC act of 1934 and the next thing you know is that 50 cents stock goes down very quickly to .12 or so. The SEC is wise to this and are now halting companies if a 504 is done then a week later some promoter is fax blasting and email spamming in mass form. So we stay away from those types of transactions.
http://www.sec.gov/litigation/complaints/comp17673.htm
HMIT is NOT illegally playing with 504 shares period.
Article on Backwardation.
http://www.kitco.com/ind/Turk/turk_dec122008.html
It looks like Mark Klok is trying to get involved in a number of properties.
IMO the WA property going into production is key for Mark.
The dollar broke 85.5 and is trending down.
I am willing to hold and see where gold will go over the next couple of months.
If anyone is into watching the progress report of the December Gold/Silver contracts.
use this link.
http://meltdown2011.wordpress.com/category/silver-gold/vaporize-comex-countdown/
I been wondering if Alpha-Omgea is still around.
Just for fun...I bid $85.00 some out bid me at $95.00
I am so glad they did!!!!!!!!!!!!
Item Title Bid Qty Qty Offered Current Bid ($) My Bid ($) My Proxy Bid ($) Time Left Status Action
BRAND NEW PURE GOLD INGOT - ONE GRAM - ISTANBUL GOLD REFINERY - .9999 FINE 1 1 95.00 85.00 31 minutes Out Bid
Someone wouls have to talk me down about E-Bay.
Anyways I know where to buy Gold and store it.
And I do have a long position in HMIT
Agreed.... :)
YES...I did.
And I do buy Gold from the site you provided, and from Kitco
I did not say I was buying.....
Where did I make that statement.
If anyone is thinking of going phyiscal try Sunshine Mint
http://www.sunshinemint.com/default.htm
Online auctions are selling 1/gram ingots for $60 - 75$
2/years ago I was able to pick the same ingots up for $25 each no problem.
Physical Gold first Gold stocks second.
Have fun.
One of the first interviews concerning the December COMEX.
March contracts will be another interesting short play.
There are many good reasons to let gold out of the closet.
One of those reasons is there should be a built in penalty for countries whom desire financing their war machine.
If a country wants to print massive amounts of money to finance their efforts their currency would be devalued against the other world currencies or they would have to sell gold. Both are reasons to think twice.
Currently they can invest in or purchase other countries debt.
Global hedging has been contracting rapidly.
IMO is that Ben B. is a gold bug?
http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices?source=article_lb_articles
Interesting...but I have no comment.
"Meanwhile, real investors in real gold are enjoying their shopping spree - except that the spree turned into a treasure hunt as the shelves and display cases of gold dealers look more and more like the supermarket shelves in the old Soviet Union - bare .
This is the only ‘bare-market’ in real gold the world will see for a long, long time to come.
With this split, this disconnect, between Comex illusion and gold reality, one thing or the other will have to give, and it won’t be physical gold that gives."