hello petro, page-25

The Longonjo diamond prospect has already been transferred away from Fortitude and into the hands of Canzar, no doubt will soon become a seperate diamond group. I also expect more diamond concessions to follow and probable seperate listing for diamond division.

Another reason I expect metals to be seperate from diamonds ( and oil ) is because companies interested in bidding for metals group will not be encumbered by diamonds and oil if they are not interested in same, and visa versa.

HK is an ideal exchange for Fortitude metals. Easy for the Chinese to keep their eye on and easy to get access or make take over bid if they choose. I expect CVI will acquire another 5-10% of Fortitude before this happens.

Deep down Angola is not happy with the attitude of the oil majors. Angolans believe majors have take advantage of the country for too long and given little back in return. They are much happier dealing with CVI's and ROC where possible. Sometimes however, in the bigger stakes, such as deepwater, money talks and majors get the goods, but now it comes with a little pain.
Majors need to have Angolans as partners and usually need to pay all up front costs. Angolans get free carry, although majors do recover costs from first profits.
Signiture bonuses and social benefit bonuses are common place now and majors have to wear it.