CLE 0.00% 0.1¢ cyclone metals limited

Ann: Cape Lambert Finalises the Joint Venture Agreement, page-60

  1. 345 Posts.
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    Where is the evidence that Glencore Ivanhoe own the Kasombo or Kipushi leases? From what I can see Ivanhoe are in JV with Gecamines for the old Kipushi mine & plant up to the point of the proper dam boundary, not the newer small plant or the Kasombo leases. Wouldn't Paragon still be in possession of the leases until JV fully executed so CFE wouldn't have these yet. Gecamines obviously still have an interest in the leases Paragon have and probably always will so they get their cut which seems to be how they like things to work in the DRC. Not sure where Glencore comes into it with regard to this project though, I can see they own other leases and not only that but I'm pretty sure DRC and Glencore (& some of the other larger companies) arent getting along due to lease sale disputes and they have or are moving their administration out of the DRC (News report on here somewhere about it). Glencore is a very large business and it's not surprising that Paragon & CFE arent known to them. Looking forward to the update. These leases & the plant are probably just a drop in a whole ocean to the larger companies, the ones they are mining are probably ten times the size, take a look at google earth, some of the mines are massive compared to what CFE will/would/could be doing, and due to the smallish nature of the leases they probably don't even waste their time, and possibly if they aren't going to mine it or haven't within a certain timeframe then maybe they have to relinquish it to the state (Gecamines), maybe their time had just expired, I don't know the intricacies of the DRC legal system or how their leases work or even what deals may have been done.
    It's had me concerned why the previous owner of the small plant and it's underground mine only last 2 years. Maybe the underground wasnt profitable, maybe they had an serious accident or maybe even they didnt know how to play the DRC game properly and got chucked out. If anyone could shed light on it I'd be interested, still going back through things to see if I can find anything.

    I've also looked into Lynchwood and from what I find their biggest shareholder is BNP Parabis who according to their website are one of Europe's leading banks with over 190000 employees and so would hope they are reputable. That is if Lynchwood secretarial services (A finanicial services company) are the same as Lynchwood Securities services.
    I've found some red flags, situations where the directors may be in a win/win situation and will have their cut either way and also found possible plays on words in announcements and a few things that don't quite seem to add up, or maybe it could just be that things arent ironed out yet and so assumptions are being made and pieces of the story are still missing because they havent been written yet. But on the flip side I'm also seeing a lot of possibly good outcomes if CFE manage to pull it off which they may just do.

    Disclaimer: Don't listen to me, I'm just doing my best at speculating and could be wrong.
 
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