Give it a few months the rookie would learn... I thought the...

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Rx7driftking

8,225 Posts.

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06/11/18

09:45

Post #: 36400649
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Originally posted by zubric ↑

Originally posted by adrian131
Gosh, I think that you angry people should calm down. If you have made any effort to understand what is happening in the host country you would realise that one of the main thrusts of the new mining regulations is to stop the export of partially processed material from Tanzania in order to avoid taxes on finished product. PEK’s objective is to concentrate ore and export it to the UK for final processing. That stage involves processes that are not available in Tanzania. It maybe that our company is having discrete discussions with Tanzanian officials to obtain a final approval which is acceptable to all. We, as shareholders, know that the resource is in Tanzania and we need to deal with the officials in that company in a respectful manner and not behave like spoiled children.

Our directors are astute and responsible people and do not deserve the disrespect that some posters show them. We are knowingly invested in a company that has identified an asset in another country. To develop that asset we need to be aware of all local requirements and business practices. Let’s all hope that the Tanzanian authorities do not subscribe to Hot Copper!
Adrian131, You sound like bloody politician. These guys have been pissing around like a bunch of geriatrics for to long. Yes I agree they must deal with the Tanzanians with respect but to call our directors astute and responsible would be almost laughable . The only time this was the case was under the leadership of Mark Maine. I forgive those who can't remember back that far. I still believe PEK has a great project but the management of the project and the finances imo has been very ordinary. Yes I also hope the Tanzanians don't read hot copper as it would give them a leading edge as to who they are really dealing with.

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Give it a few months the rookie would learn... I thought the management was at a turning point to actually deliver no proposed offtake deals nothing special in the works.

If I was management I would be sourcing contracts for mining equipment, a bunch of MOU and non binding to see who we can secure once we have a licence and offtake engagements see who will be interested in the final product so we understand their specs requirement...

Having a few contracts around the door gives us a better foot in the ground when the licence appears

PEK Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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