STB 0.00% 40.0¢ south boulder mines ltd

lorry gone, page-44

  1. 1,190 Posts.
    Somewhere on tesfanews therebis an article on the threat from Etheopia.

    But here is another even more disturbing one. Workers being killed on oil and gas sites. There must be a very high chance of the same thing happening at a close to boarder potash plant / mine.

    http://www.tesfanews.net/archives/8864

    Strewth, STB discover a world class open pitiable potash reserve, but then get hit by serious headwind from political risk, neighbour country massive conflict, security risk in protecting their workforce, difficulty getting finance, and now govt protests. Forgot to add ENEMCO have no money so mgt is having to negotiate new arrangements. Talk about bad luck.

    No wonder the MD left. Who knows maybe he was threatened himself.

    What is the capex to get to production?

    Far too much risk.

 
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