VIL 0.00% 1.6¢ verus investments limited

things under control in tunisia, page-5

  1. 286 Posts.
    Believe101, i dont think you can just brush this aside as it does have the potential to effect our Sidi Dahar project, albiet a very slim one.

    No one is saying the project is finished...

    As it stands the unrest currently has no effect on the project, id say at worst it has the possibility to delay it as logistically it might become difficult to move things around (like oil rigs + drillers) if the strikes and protests get more widespread and more disruptive. Currently most of the effected areas are in the central and south of the country. There is a long standing tension in Tunisia between the rich north and the poor south. Things look set to potentially boil over, especially since all schools universities have been closed indefinately, this will no doubt give students nothing to do all day but protest...

    Below are some links to the situation, i got some variety to reduce bias:

    Essentially this is what triggered the situation:
    http://www.voanews.com/english/news/middle-east/One-Mans-Act-Triggers-Watershed-Events-in-Tunisia-112882189.html

    This is the most recent article:
    http://www.voanews.com/english/news/africa/Soldiers-Deployed-in-Tunisian-Capital-After-Protests-113342809.html

    http://www.bbc.co.uk/news/world-africa-12144906

    Al-Jazeer news report:
    http://www.youtube.com/watch?v=sOT9RmzisEQ

    Im still rating VIL as a hold for current investors or buy for new investors with a footnote to be wary of the potential for the Tunisian conflict to quickly escalate disrupting our project there.





 
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