agm, page-8

Some clarification definitely required by preferably someone else who was at the meeting.

Comparing Eritrea nowdays to the Laos or Africa of 20 years ago is IMHO nothing short of scaremongering, as the part of Carmichaels' report regarding soverign risk clearly states otherwise.

"Eritrea is located in Eastern Africa. It borders the Red Sea and is between Djibouti and Sudan.
The Colluli project is located approximately 70kms south of the shallow water port of Mersa Fatma
and less than 200kms south east of the deep water port of Massawa.
Eritrea has a liberal economic policy with competitive tax regimes, full guarantees and protection of
investments. The country has a stable government that supports foreign investment in mining and
its administration is free from corruption. The Eritrean mining law is up to date, attractive and
competitive, as it provides considerable benefits and incentives to investors.
But, investing in Eritrea is not without sovereign risk as there is an ongoing dispute over part of its
border with Ethiopia. Ethiopia has not accepted the Eritrea-Ethiopia Boundary Commission s
demarcation decision (it was accepted by Eritrea) implemented on 30 November 2007. Hence a
temporary security zone still exists today. However, we note this is a few hundred kilometres to the
west of the Colluli Prospect."

Also, this statement supposedly coming from the meeting

"So excited are they that the nickel side of things is now ?a sideshow?."........sounds awfully like some of the banter from weeks past right here on Hotcopper.....Maybe right, maybe not.