On 29th January we were told via announcement the Chinese state owned company China Railway was "CRSG engineering and management personnel will shortly visit Guinea about to look into Lindians transport options" in Guinea.
Only two weeks later on 9th Feb an update stated "Current options include the potential for mine gate sales, rail head sales and/or agreements to utilize and/or develop existing infrastructure to take product to market."
Almost six months later. It seems to be totally quiet.
Now in the Quarterly we hear "Recommencement of discussions with respect to infrastructure sharing agreements for rail, road and port" Recommencement?? With who?
So basically did the first lot of negotiations go nowhere and not find a solution and cease so to now "recommence"? Why wasnt the market wasnt updated of this? It was awaiting the outcome of these investigations. Six months is a long time to not be told an outcome of such an important investigation not coming up with a solution needed and ceasing. If that the case. if this was the case shareholders needed to be informed. Is this why we have had staff leave so frequently as the project had perhaps failed to find a solution and had no future in this regard? I would have assumed every avenue investigated before negotiations ceased.
Now apparently "These negotiations have coincided with renewed interest in the Gaoual conglomerate bauxite ore from some parties"
Can we not be told who these interested parties are? Theres actually been no announcement of these options costings or any particular advancement on any of the road, rail or port portions of the infrastructure intent previously investigated and concluded for the negotiations to cease. Surely some positive morsel could be offered on some form of advancements thats specific in its conclusion for a period of six months. What have they been doing for six months then? This seems an extension of hope absent any hard facts on outcome.
How advanced are these "recommenced discussions"?
Given this it might be perceived that what couldnt be proceeded further prior by neighbours potentially selling a similar product. Perhaps now one of the legs of transportation have mode a further enquiry. Not sure which party or leg r depth this enquiry has been undertaken. But Id assume if this is the case they may know Lindian might be in trouble in finding a solution for so long absent announcement and perhaps taking advantage of the fact where there original interest may not have been present. Bargain hunting? We dont know.
We seem to be lacking a lot of information here and left to guess at almost everything. If all this is correct I have assumed. Im obviously concerned. What else can Lindian do if they cant transport product to market? Will it end up another mothballed project like Lushoto and Pare Bauxite projects where again we see no "meaningful advancements" this quarter. Arent we awaiting the illusive geo reports to pop up on this one. Its been almost years.
We never got the negotiations update for Kangannkunde either as suggested in the last announcement and now almost a year later we read in a quarterly "There are no further updates this quarter." Im guessing these negotiations failed? Any word as to why or what was offered/refuted etc? Why cant we know what was offered and why/what the outcome was?
Why arent there any updates here? Why does there appear to be no ipdates with all these events once determined that particular negotiations or efforts have failed? If true this is a disturbing ongoing practice.
if this understanding is correct.Im starting to wonder whats going on when we havent been updated for half a year to find negotiations had actually ceased durig that time and a bit disappointed in the lack of such communication ongoing in all these examples when all these roadblocks have been found
(20min delay)