Yes very ruthless, like any superpower.
However taking into account the Chinese knew exactly how big and rich the asset was back before Canyon got the exploration permit, before it was further realised and brought into main stream attention and thus becoming high profile. Why not take it out by any means back then? Why wait?
The asset was up for grabs for anyone before the exploration permit was granted.
Because the Cameroon government wasn’t going to be strong armed by anyone and the state is in a vulnerable and sensitive development period that if seen to be actively colluding in corruption would be damaging to their reputation, meaning foreign expertise and money much less likely to find its way there due to a much much higher political risk.
It just doesn’t make any logical sense that we would lose the rights to the assets so blatantly while everything is in centre stage.
- Forums
- ASX - By Stock
- CAY
- Ann: ESIA on track for submission in May
Ann: ESIA on track for submission in May, page-83
-
- There are more pages in this discussion • 58 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CAY (ASX) to my watchlist
|
|||||
Last
8.1¢ |
Change
0.002(2.53%) |
Mkt cap ! $114.5M |
Open | High | Low | Value | Volume |
7.9¢ | 8.1¢ | 7.9¢ | $30.67K | 383.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1252 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.0¢ | 75500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1222 | 0.079 |
1 | 500000 | 0.078 |
1 | 835000 | 0.077 |
3 | 10609800 | 0.075 |
2 | 300000 | 0.074 |
Price($) | Vol. | No. |
---|---|---|
0.080 | 75500 | 1 |
0.081 | 758697 | 2 |
0.082 | 625000 | 1 |
0.083 | 596461 | 1 |
0.085 | 32500 | 1 |
Last trade - 15.29pm 23/08/2024 (20 minute delay) ? |
CAY (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online