I have to laugh at this. I think there's a lot of speculation by...

I have to laugh at this. I think there's a lot of speculation by this particular journalist.


The status of "favorite", the company Balamara Resources LTD in serious trouble after removing Deepak, one of its main partners
The Sultan Corporation became Balamara resources in trouble. Deepak, one of its main partners withdrew from the consortium for "personal" reasons. That upsets forecasts this candidate "preferred" the Togolese authorities, only a few days of the end of the contract for the operation of carbonated phosphate, already committed since ages process.
Nothing goes to Balamara resources. Or more precisely the consortium that this company has made ??with several partners to bid call for expressions of interest issued by the Togolese government for granting the operating license of the carbonate and phosphate acid production phosphoric. Deepak Fertilizer and Petrochemicals Ltd, one of its reliable partners with the technical and financial capabilities have been demonstrated to enhance the dossier submitted by Balamara Resources withdrew from the consortium. Would there have been within the consortium Deepak squabbles that led to this extreme solution? To cut short all these suppositions, Balamara Resources announces that the withdrawal of the consortium would be driven by the specific reasons Deepak.
As an immediate consequence of this withdrawal, Balamara resources is found in very bad shape on the "short list" of candidates for the continuation and completion. Three candidates for recall are used to do this. And the status of "favorite" it was Balamara Resources risk under this new development, see the file rejected. And the situation is even more uncomfortable that according to information, it is at the end of April that the Togolese authorities should, after a meeting with the various remaining candidates, the name of the winner of the three candidates who will have the green light to not only exploit the carbonated phosphate, but also to produce fertilizers and phosphoric acid.
According to some, the withdrawal of DEEPAK invalidates the final proposal in January Balamara Resources in the Togolese government. Because, they argue, it is the technical and financial capabilities of the partner who has been put forward in this proposal. However, the Australian company could rectify the situation. And in this sense, it is in a race against the clock it starts. According to credible reports, the company has, since the withdrawal of Deepak, started serious discussions with several other companies, just in time to find a new major partner able to play a leading role in the consortium and support not only production but also phosphoric acid some key aspects, namely the removal of production, infrastructure and project financing.
This is a huge challenge that runs this company "preferred" the Togolese authorities to such an advanced stage in the process. As a reminder, this company, former Sultan Corporation had, in several reports published by "La Lettre du Continent" , received several gestures for the Togolese authorities and maintained at least suspicious acquaintances with them. Originally, she went elsewhere for the winner of the OTC market. Balamara Resources does succeed in this challenge to regularize his file on time? This is what we discovered very soon.