Geovic Mining (fka GVCM)

[downsideup]

Here's the whole thing:

From the June 2012 blog posting:

JXTC TO BUY GEOVIC


SNI (National Investment Corporation of Cameroon and a partner with Geovic in developing the Cameroon cobalt project) states that JXTC (a Chinese conglomerate which is a large Chinese industrial company) to purchase a majority stake in Geovic. According to http://finance.yahoo.com/q/it?s=GVCM.OB+Insider+Transactions, Geovic insiders have been acquiring stock rapidly so that more than 1.6 million shares of stock since late August and the state of shares is :
- William Buckovic acquired 1,096,780 shares
- Gary Morris acquired 220,000 share
- Michael Mason acquired 200,000 shares
- Shellia Short acquired 128,000 shares


The agreement that was scheduled to be completed in January of 2012 will finally take place this week.

From the May 2012 blog posting:

15.5.12

JXTC to buy Geovic
SNI (National Investment Corporation of Cameroon and a partner with Geovic in developing the Cameroon cobalt project) states that JXTC (a Chinese conglomerate which is a large Chinese industrial company) to purchase a majority stake in Geovic.

And, finally, here's a link to a Google translation of the original SNI article from October of 2011:

http://translate.google.com/translate?hl=en&ie=UTF8&prev=_t&sl=auto&tl=en&u=http://www.sni.cm/fr/actualite.php%3Fid%3D39merate%2520