typical african venture, page-3

Well clearly you're losing, and losing very fast. Comments such as these are so transparent. It demonstrates that you simply don't understand simple things.

The JV must:

- find industrial customers
- find power customers
- explore possibilities of supply
- JV with TANESCO?
- JV with Songas
- JV with World Bank?
- JV with Tanzanian Govt?

- what tax structure?
- will the Kiliwani gas be subject to a 'protected gas egreement'
- will the JV pay a tax to Songas to use the Ubungo power plant?
- JV could decide to export to Kenya instead, a situaton in which decisions similar to those above must be made, or the JV might consider both options!

Do you think it would simply take a month or two to figure this out! That's laughable! - and remember, the JV is just that, a JV, so they must agree on everything amongst themselves before appeasing external interests!

The company won't come out with a report to suit you. In the meantime you'll keep on losing.

The options will unfortunately not expire in the money (agree with Mudguy) and the heads are heading lower. I expect to add to my portfolio when they reach 15 to 16 cents on more bad news from the DJIA.

Can't believe I have been bestowed with the opportunity of picking these up for sub-20 cents, kind of similar to mugging someone. It's awesome!

SANPAL.