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NRRP North River

2.75
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
North River LSE:NRRP London Ordinary Share GB00BDDRJJ03 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.75 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

North River Share Discussion Threads

Showing 4326 to 4346 of 4550 messages
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
DateSubjectAuthorDiscuss
26/10/2016
13:03
Meanwhile Prices of the metals we applied two & half years ago to Mine ! (Eyes Roll)

------------

ZINC $2335.5 Top Metal projected higher.

LEAD $2054.3 Up recently in last few months.

SILVER $17.72 per ounce. Disappointing, Some people think manipulated at highest lvl.

------------

Project Economics good. NEEEF potentially unreconcilable alas ?

YT

yellowthroat
25/10/2016
14:05
OCT 14 : Comment on NEEEF : hxxps://www.newera.com.na/2016/10/14/neeef-could-reverse-gains-of-reconciliation/

Albeit with very good intentions, the current Namibia Equitable Economic Empowerment Framework (NEEEF) is unconstitutional, historically badly timed, highly dangerous and could further potentially reverse the hard won policy on national reconciliation of the Namibian government.

The reality on the ground is that the current generation on both sides of the political and economic divide unfortunately still don’t see eye to eye, hence the strong resistance on NEEEF.

NEEEF in its current form is – in my humble and honest opinion – being pitched to the wrong generation at the wrong time in our history and by the wrong generation. With that said, government still has exceptional economic power at its disposal to directly empower the previously disadvantaged if it so sincerely desires – without the introduction of an initiative, such as NEEEF.

It is simply a matter of choice for government, which unfortunately has not fully exercised hence the introduction of initiatives such as NEEEF.

Moving forward
The following historic fundamentals are very important to take into consideration so as to understand why NEEEF is unconstitutional, badly timed and highly dangerous:

1) So much brutality and cruelty transpired during our dark national past to such an extent that there is an ingrained or inbuilt historic hatred that still exists, leading to a mistrust of intent between beneficiaries of the previous dispensation and the current indigenous population;

2) The previous dispensation – as a result of the war for national liberation – lost the political power it once fully had and now feels there is an intrusion through NEEEF by those that are in power to take a quarter of what they constitutionally own and control. This they will resist with all available means;

3) That Namibia, after successfully emerging from over 200 years of brutal colonisation, needs to tread carefully with its intended economic empowerment policies that directly affect the economic survival base of the same dispensation that was previously in control. The wounds of the past are still fresh to all concerned minds and hearts that it will unfortunately take a very long time for them to heal. The policy of national reconciliation is sadly not yet fully embraced by all parties, resulting in society a divided on economic lines, whereby the minority significantly controls the economic base of the country, whilst the majority languish in poverty and destitution;

4) The sad reality that complicates things further is that one can forgive, but never ever forget and that is just how things will unfortunately be for Namibia. Please note that whites don’t attend or see the significance of certain political events in Namibia;

5) That the policy of national reconciliation is simply a political peace buffer between the two set of groups that is constitutionally protecting the willing-seller, willing-buyer policy, as well as the right to property (inclusive of businesses). Now, in the context of our brutal history, who in his or her right mind will simply transfer economic power without a struggle?

Taking into account the abovementioned fundamentals, Namibia is still technically at war with itself and by itself, such that the second phase of the struggle needs to be strategically and successfully waged, but by a new generation of patriotic warriors, whose aim is for both whites and blacks to truly live side by side harmoniously, economically and politically.

However, this will take a very long time to achieve.
Therefore, government’s good intentions to strategically maintain future peace and harmony in the land of the brave through the direct economic empowerment and redistribution of wealth through the smart business ownership (75/25 percent for previously advantaged and previously disadvantaged, respectively) of successful white-owned companies will in the above context face strong resistance from the previously advantaged business community.

One notable example that is still, however, a significant challenge for government and that affects our daily lives is the very sensitive issue of land redistribution. It is common sense that if you do not have land you don’t have anything to hold onto and failing to even solve this critical issue for the benefit of the masses will lead to subsequent failures in other attempts to redress society’s other problems, which are initricately linked.

Who has the land? It is the same people that the political power was taken away from.
It is important to note that land is a critical factor of production, which forms part and parcel as collateral of any successful business. To give away 25 percent of that can indirectly equate to giving away that portion to the previously disadvantaged. That’s not going to happen so easily.

Hence, I think that our leaders are not reading the times and situation correctly and are failing to get the message that historically and politically the beneficiaries of the previous dispensation have still not made peace with the fact that things have changed and, as such, there is no way they will accept that what they can currently and fully control (economic power) now has to suddenly be shared by the same people that they once colonised.

In conclusion, the timing and introduction of NEEEF under the above context is extremely premature and highly dangerous. To unravel more than 200 years of white political and economic domination without due regard to the dynamics of our history is rather shortsighted, to say the least.

It is going to realistically take a very long period – at least 30 to 50 or more years – to reach an equilibrium, whereby whites and blacks can truly sit at the same table and work as equal citizens for the greater benefit of the country.

* Pendapala Hangala is a socio-economic commentator and entrepreneur. hangalap@yahoo.com

yellowthroat
25/10/2016
13:59
Oct 21 2016 :

Windhoek

Government is relentless in its push for the New Equitable Economic Empowerment Framework (NEEEF).
Not even the warnings by various global rating agencies, such as Fitch, have changed government’s position on NEEEF, whose highlight is the call that – blatantly put – white businesses set up after the adoption of this policy would be required to avail 25 percent equities to people from the previously racially disadvantaged.

Essentially, NEEEF wants more blacks in the mainstream economy and this would be done by making sure the whites – inherent beneficiaries of the apartheid regime, largely by design – share their wealth with fellow citizens.
The status quo cannot remain, government argues. Pressed on the subject the other day in America where he was addressing a public lecture, President Hage Geingob pulled no punches on the subject.

“In Namibia we have experienced sustained economic growth but no job creation,” he told an active University of Columbia audience.

“This scenario will not help transform the lives of our people. Only if we are able to create jobs can we be able to transform our economies and the lives of our people simultaneously.̶1;

“We therefore cannot continue to entertain situations in which those with wealth are only interested in protecting what they have acquired. One cannot enjoy life while your brother or sister is starving,” he said.
NEEEF has stirred pandemonium among the country’s white business community.

Some whites even believe there is a clandestine attempt to push them out of business altogether.
Fitch, in a damning verdict that saw them downgrade the Namibian economy from stable to negative, recently, said NEEEF would scare away investors who are not willing to give equities to blacks – or just anyone.

Presidential economic advisor Dr John Steytler thinks Fitch are overzealous in their analysis of NEEEF.
“Consultations are still underway. The NEEEF document at hand is a draft so it cannot be used to draw conclusions at that level,” he told New Era not long ago.

Many issues remain unclear in NEEEF, such as the approach of acquiring the 25 percent in white businesses. Purchase, barter? These are the questions.

The white community is so worried it would not even have names revealed when commenting on NEEEF.
Quinton van Rooyen, the owner of the extremely successful Trustco Group Holdings, refused to comment on the subject, and so did many of his wealthy peers.

Several schools of thought have surfaced though – from the whites themselves.
The white business community believes one cannot multiply wealth by dividing it. The white business community, the private sector, the Namibian Employers’ Federation (NEF) and the Namibian Agricultural Union (NAU) have all made it very clear to government that they believe NEEEF is a huge error of judgement on the part of government.
They believe the Bill is unworkable, in several respects unconstitutional and will have negative effects on the economy.

The NEF says: “If this were to mean legal action, so be it, but we will only decide once there is something concrete to challenge.”

The Bill’s call that any private sector enterprise established after the enactment of the Bill “may commence business only when such enterprise has secured 25 percent ownership by a racially disadvantaged person or persons, or such higher percentage as may be determined by the Minister”, is a great source of concern.

It also stipulates that despite any other legislation to the contrary, no private enterprise owned and controlled by a white person may allot, issue or register the transfer of any portion of its ownership to anyone other than a “previously disadvantaged or to a domestic or foreign enterprise” owned by a white.

All white business owners New Era Weekend spoke to, as well as NEF, are of the opinion there will probably be a slowdown in development, and or expansion, by local investors, who will be unable or unwilling to find a suitable partner.

They also fear a slowdown in foreign investment where potential investors will be unwilling to place some shareholding in local hands without suitable guarantees. This is the argument Fitch tried to advance too.

Tim Parkhouse, secretary general of the NEF, says the Bill will undoubtedly lead to increased unemployment. “The poor will remain poor and their lot in life will remain unchanged, while the wealthy will become wealthier,” he states.
The NEF has already appealed to government to withdraw the Bill and encourages government to commence in-depth research and consultations with the private sector, especially business owners, economists, foreign missions, donor agencies and workers and to mutually draft an alternative which can work to the benefit of all, and meaningfully reduce poverty in Namibia.

The NEF and white business persons say business does not happen by accident. It is built slowly by the sweat, tears, acumen and risked capital of the entrepreneur.

It is a known fact that more than 50 percent of all start-up businesses fail within 24 months – those that survive, do so due to the tenacity and expertise of the owner.

They maintain that to defeat poverty, Namibia must grow the economy.

yellowthroat
22/10/2016
06:15
In an RNS back in March 2015 the company said it would be holding conference calls on a quarterly basis. As the last such call was on 8 July, we're presumably due another one.
I sympathise with the NRRP management having to endure the failure of the Namibian mining ministry to:
(a)keep its own declared timelines; &
(b)fail to progress mining licence applications within any reasonable timescale (last year one of the ministry people was quoted in an article as saying there is no delay in the issuance of mining licences. Presumably he was having a laugh).
While I sort of understand what the Namibian government is intending with its neeef proposals, surely it must understand that the (maybe unintended but obvious) consequences are that it is trashing some commercial companies and that it will effectively act as a no entry sign to much future foreign investment. Recession beckons.

crunch123
20/10/2016
11:59
Interesting to learn what the reasoning behind this is.
More Money?

moreminer
20/10/2016
11:14
If the Namibians are happy to issue a mining licence for hugely controversial offshore phosphate mining
. . . there is no reason why it can't issue NRRP's uncontroversial mining licence.

crunch123
11/10/2016
14:29
Finally, this August story in NEW ERA says that there appears to be even an argument around the 25-35% ownership and whether locals can 'afford the shares'.

Therefore it brings cheer to the fact that they are anticipating well off entrepreneurs to be able to get ahead and 'buy the shares' claiming locals cant.

So they then suggest giving shares to locals where the business is sited. Surely the company could offer shares in the business as part of wages even ?

Anyways below is the arguing that the bill will benefit rich Namibians because it does at least mention that the shares 'could' be bought.

---------------

How do we ensure that previously disadvantaged people that are now wealthy do not benefit again and again while the majority languish in poverty? This was the main question during the consultation meeting called to scrutinise the New Equitable Economic Empowerment Framework (NEEEF) draft Bill.

On Tuesday //Karas Regional Governor Lucia Basson and several regional leaders and inhabitants of the region gathered at the WK Rover Hall at Keetmanshoop to familiarise themselves with the draft Bill and make their inputs.

NEEEF’s primary aim is to bring about socio-economic transformation and to enhance equity, social justice and empowerment of the previously disadvantaged majority by integrating them into the economic mainstream.

But listening to Law Reform and Development Commission chairperson Yvonne Dausab as she unpacked the content of NEEEF, people were very concerned that wealthy black elites might find loopholes in the Bill and exploit it to enrich themselves even more.

They fear that if the law is not properly formulated, the same elites, who have already benefited from similar government interventions, would benefit even more.

Residents are also concerned that the previously disadvantaged people that the Bill aims to empower will not be reached, citing access to finance as a major obstacle for the poor to start or join any business venture and this might lead to established black entrepreneurs benefiting further at the expense of the poor.

“How do the most disadvantaged people – who don’t have the means to buy shares – benefit from this if they can’t afford it?” asked Lüderitz resident Ndignana Mukapuli.

Oranjemund Constituency Councillor Lazarus Nangolo said for the Bill to benefit the intended target group, the minimum 25 percent that must belong to previously disadvantaged people should be spread amongst several people and not given to any individual, so that more people benefit.

He also called for the ownership of these companies to be regionalised or localised to include shareholders from the area they operate in, saying this would ensure locals are economically empowered.

“If a company is from Keetmanshoop, at least some shares must be given to a person from that specific constituency, so that people from that area benefit too,” he argued.

Nicolaas Links, the regional manager of the National Chamber of Commerce and Industry, echoed the same sentiments, saying the Bill has no purpose if it does not benefit people in the region at grassroots level. He said if the Bill does not level the playing field, in view of the vast resources of the //Karas Region, it is a futile exercise.

“If people from the region are not benefiting then what’s the point of the Bill,” he asked. He also called for relevant agencies to be put in place to ensure success in the implementation of the proposed law, saying: “If there are no implementation and monitoring agencies then this Bill will just be another that will gather dust.”

Some residents also expressed frustration, saying they feel intentionally left out, indicating that oftentimes the people of //Karas are consulted, but when the laws are passed they do not benefit anyone in the region.

“If other people from other regions can benefit, why can’t we also benefit from these good bills?” asked Keetmanshoop Rural Constituency Councillor Elias! Kharuxab.

The LRDC is currently conducting broad-based regional consultative workshops on the implications of the NEEEF Bill. The LRDC was tasked with drafting of the Bill, whose stated purpose is to correct the economic inequalities that stem from past discriminatory laws and practices.""

-------------

YT

yellowthroat
11/10/2016
14:21
March 3rd from NEW ERA Newspaper :

This lot sound like the recently proposed 'Momentum Kids' which has been much parodied on Twitter over the last month.

Windhoek The SWAPO Party Youth League (SPYL) has suggested that government should increase the equity threshold level of ownership from 25 percent to 35 percent for Namibians, if the local owner is certified by the New Equitable Economic Empowerment Framework (NEEEF) Board as “a previously disadvantaged black person.”

I shouldnt laugh really but what else can you do ?

In the meantime some sort of high level guidance from business and government needs to come forthwith. We need to know how long that NRRP can wait until their licence application pending becomes untenable and so on.

YT

yellowthroat
11/10/2016
14:13
The article posted previously on this time-line mentioned that the President had disappeared off to USA around Sept 9 so he is due back around now. It mentioned where the President was flip-flopping and thats basically where I think we got too.

The President said one thing, allegedly panicked around FDI hostility, changed his tune a week later but then disappeared off on his 'free-trade' expedition to US.

The PM had said this :

""The chairperson of the Law Reform Development Commission (LRDC), Yvonne Dausab, tried to allay such fears by saying that the proposed law was not to prejudice anyone but to take all forward in the spirit of the Harambee Prosperity Plan. The former permanent secretary of the Office of the Prime Minister, Andrew Ndishishi, described the Bill as a “business partnership”, though he added that all-white male-owned businesses would have to comply with the new legislation whether they are doing business with the government or not.

Both Dausab and Ndishishi said the Bill is unassailable and will be passed.""

Specific info on the timing of the introduction into law doesnt now seem to be available so far, having an hour or two to look around and see what else there is on latest objections or comments on the NEEEF.

YT

yellowthroat
11/10/2016
14:08
August. Enough opposition to using NEEEF as a short term cash-cow. From CHURCH !

The Council of Churches in Namibia (CCN) says the New Equitable Economic Empowerment Framework (NEEEF) could undermine the roots of the Namibian economy.

The umbrella body called on President Hage Geingob to instead consider other avenues to bridge the inequality gap and not disturb the progress, peace and stability that have so far been maintained.

“The only voices that we Namibians are hearing on a daily basis are the claiming of rights, political egos and violence. We all need to fight for the common good while observing peace, hard work, respect and dignity for all,” the CCN said, adding that the country should not “throw away” the peace and love that makes the country a shining example in Africa.

NEEEF is a policy framework already adopted by Cabinet aimed at correcting economic inequalities created by past discriminatory laws and practices. It is the forerunner of the New Equitable Economic Empowerment Bill, which is meant to give the government the authority to put NEEEF’s policies into place. CCN, one of a handful of civil society organisations to comment on the policy so far, said the new empowerment framework and proposed law in the long run could deprive many people of their rights to take charge and maintain their hard-earned property.

NMH Courrier
“NEEEF has the potential of ‘slaughtering the cow’ that provides milk and other food just to have meat that is a one-off to enjoy. What will happen next?” the church federation questioned. It concluded that NEEEF would not help those already living in poverty, saying that it would instead benefit the middle class and those in charge of the administration of the proposed law. “Many people who are providing this country with needed resources will sell businesses or migrate to other countries,” it warned and said the private sector would not be eager to take in unskilled labour.

CATHERINE SASMAN

yellowthroat
11/10/2016
14:03
This goes back to Feb 16 but I dont remember seeing it and adds some colour to the debate around what the NEEEF means.

A local businessman has criticised the two weeks allowed for public scrutiny and input on the New Equitable Economic Empowerment Framework (NEEEF) draft bill. The bill, which is available online, will remain open for scrutiny until February 25, allowing only two weeks for public consultation. Yesterday, Prime Minister Saara Kuugongelwa-Amadhila officiated at a public consultative meeting with the Law Reform and Development Commission. “It is absolute nonsense giving us two weeks to give our input while it took them 26 years to put together,” said businessman Desmond Amunyela. “It is not fair to those who will be beneficiaries of this NEEEF. This is nonsense and disrespectful to us. They must extend the time. More has to be done through consultations and two weeks are not enough,” he said. He then took issue with a suggested mandatory clause that would force businesses to give 25% of their shareholding to previously disadvantaged Namibians. “How do you allocate quotas to Namibians in their own country? Are we that inferior? Is this an acknowledgement of our inferiority? This is structurally and fundamentally wrong,” Amunyela said. “How do you accommodate someone like me who does not want a partnership? I like to build something from the start to the end. “I am not a NEEEF or BEE, I build the little that I have and my dream is to become an industrialist. I only have this one chance to do that and there cannot be a limit to what I can do,” he told the meeting. He recommended the “Dubai model” of economic empowerment, which he said put citizens first. Amunyela said he agreed with some sentiments of former Swapo minister Kazenambo Kazenambo, who recently objected to the mandatory 25% ownership provision in the bill. Kazenambo warned that the proposed law might be another gimmick that would benefit well-connected business people. Amunyela said: “The management thereof is going to be difficult. We all know that not everyone has access to information about opportunities, how will they hear about them now? “Do you think a businessperson from America who wishes to operate here would go to my brother in Mondesa? Of course not, he will Google and look for the well-connected and known.” He charged that the background of the will was based on political selfishness. “Our political system is selfish. There are probably politicians out there who think they would look good if they quickly finished this NEEEF thing. “There is a need for people to be engaged in robust consultations to make sure that it gets beyond any point of criticism once completed.” Amunyela added that the drafting of the bill should have been left to organisations such as the Namibian Chamber of Commerce and Industry (NCCI) and the Indigenous People’s Business Forum (IPBF). Amunyela further questioned how the NEEEF bill would monitor institutions such as banks with all their assets outside the country. “Many rent properties that they use and they repatriate their profits to South Africa. What will happen to them?” The NEEF Bill would supersede all other state transformation and empowerment policies and provide a framework which all private-sector initiatives must conform to. When she opened the meeting yesterday, Kuugongelwa-Amadhila said the draft had been in the public domain for a number of years and was debated at various public and government forums. “The NEEEF is designed to promote transformation in business through the six empowerment pillars,” she said. Those pillars included promoting ownership by previously disadvantaged Namibians and ensuring that the management of enterprises reflected the demographic, gender and employment equity requirements. She added that the bill would also seek to promote staff development in enterprises, provide scholarships in the areas of scarce skills and promote growth of new enterprises. The other pillars were to encourage corporate social investment in communities and to encourage local processing of natural resources, innovation, invention and technology. ELVIS MURARANGANDA

YT

yellowthroat
11/10/2016
13:47
If you Google Namibian Sun and NEEEF this is the latest column dated early October :

Government’s New Equitable Empowerment Framework (NEEEF) has been hotly debated in recent months, and has been classified by some as being too complicated. The primary purpose of NEEEF is to promote equitable, inclusive and shared economic development. One of the controversial empowerment pillars seeks to give blacks a tangible stake in mainstream businesses with a minimum requirement of 25% ownership. This, according to authorities, will help narrow income disparities between the haves and the have-nots leading up to Vision 2013 and beyond. The bill, however, has not been well received by many white-owned business people, with some already threatening to invest their cash in other countries. For many years government has struggled to come up with a respectable policy as far as black empowerment is concerned. We too agree that NEEEF is not perfect in its current form. However, there is not much time left to still grapple with a strategy for black empowerment considering blacks are still cut off from the mainstream economy. It is sad that those who are against NEEEF are primarily well-off whites who unfortunately don’t seem to give a damn as far as the mass upliftment of the black majority is concerned. Let us not turn a blind eye to the suffering of others. Yes, we totally agree that NEEEF should tackle significant redistributive measures in order to offer much hope for struggling Namibians rather than just empowering the already empowered. What is needed is a programme that is about redistribution of skills, resources and wealth. The authorities should never sell this NEEEF idea as a quick way to riches without too much effort. For NEEEF to succeed it must be done in an orderly manner and help level the playing field by drawing the black majority into all levels of the economy, including as employers and supervisors. It is high time that something is done to address past imbalances.

hxxp://www.namibiansun.com/news/neeef-and-the-empowerment-debate-

Regards

YT

yellowthroat
10/10/2016
22:46
Crunch this was a gut based on what I remembered from the contrasting stories in the Namibian Sun that we placed on here a while back.

I must have a look back to remind myself on specifics, either way there is nothing we can do. As you said they must be putting all sorts of pressure on through whichever channels. Someone somewhere must be pointing out that if no company is building or constructing mines, when it gets to a year or two there will be F all production ?

Maybe they dont care about smaller FDI as I think they are heavy on Chinese and Uranium and all that jazz.

Taking months over decision making in this area sounds bonkers, though look at domestic MPs here over large scale industrial infrastructure. EG Fracking and Heathrow or Gatwick and you name it.

I'll just vote Corbyn and let the state provide for me rather than risk my money in entrepreneurial private sector investments ! >:o(

Oh I forgot we are all doomed because we voted to leave the EU Commission and everyone in the UK is to be sent to Australia or something !!! LOL

ATB

YT

yellowthroat
08/10/2016
16:28
YT, hope you're right that this will be resolved by Xmas 2016 (ie. licence received).

The Namibian mining ministry has uploaded a new mining licence list dated 6 Oct on to its website. Not sure why it bothered 'cos they've only awarded one mining licence this year & that was back in February to a gold mine. Suppose it gave one of the mining ministry folk something to do.

crunch123
07/10/2016
15:16
and all that takes them about another year

----------

No this matter should be resolved within timeframe of xmas 2016. Simply because the legislation is due to commence and the final consultation was around (Sept-Oct ish) and so on. The president being away for a month might have changed the timeline a bit.

No way is the company anticipating the NEEEF bill going into 2017 unless there is a very real continued hullabaloo about this. Considering NO project licence is seemingly being awarded at the moment I cannot imagine they will simply shut down new production for another year when their economy is supposedly in such disarray.

Namibia is making headlines as one of the few countries on Africa that are refusing to sign Anti-hunting and Anti Elephant shooting agreements, they were shown granting 'shoot an elephant for $100K' cos apparently it means local jobs, they also want to sell their stock piles of ivory against current world law.

If they are this desperate then they are in a really sorry state placing a big hole in future mine revenues whilst delaying all the companies over these pedants when a number were in fact satisfied with the reasonable demands of the ministry over representation of locals.

Adding on more money-grabbing was counter productive but who knows when matters meet politicians.

Unfortunately going forward in my investing life I will be very wary of any AIM company before it gets political go-ahead in any country to do absolutely anything !

Likewise if this is their only asset !

YT

yellowthroat
06/10/2016
08:10
Steve,

I have to respond on your post.
It might all seem odd, but the poster you refer to has had no bad intentions whatsoever.
His loss in NRR adds up to over 80k.
He has now sold out.
My loss is about 150K. I have not sold all but a lot. My confidence in the Board is nil. Mr Beddows was supposed to make a change. Who has seen him? Right.
Mr Beams seems genuine but is no league of the Greenstone's. And the Namibian Government is struggling to get some proper legislation done.
So what are we left with?
A hole in the ground.
And lots of my money is in it because I am daft and I thought it would make my pension go smoother.

Basically we all should have left the company and sold out when the Greenstone boys fired Mr Shali, the local miner. He indeed did not mine well, but he was a Namibian and family of the Minister of Mining at the time. We might have had that license there and then.
Now all we can do is wait and hope there will be an uplift one day, before the company is sold out to the large investor.

And yes, I was very hesitant to put some of my pittyfull remaining funds in the new hot share the poster recommended. But I did invest in it for a bit. It seems a better shot then NRR today.

Best of luck, MM

moreminer
06/10/2016
06:56
Such a shame as all we need is the License
1mack
05/10/2016
22:44
If the government
1) enact the legislation
2) resolve the contradictions in the note of preparedness, and
3) finally grant the licence

and all that takes them about another year


it would seem that a period of absolute minimum expense, more or less mothballing, will be required.

slightlyrisky
30/9/2016
18:54
More comment on ZINC should Namibia sort itself out ever.......

hxxp://www.mining.com/precious-metals-nickel-zinc-likely-to-outperform-over-next-2-years-analysts/

YT

yellowthroat
28/9/2016
05:37
Tobias Ellwood, MP for Bournemouth East, is Parlamentary Under Secretary of State in the Foreign and Commonwealth Office and the Minister for Middle East and Africa.
Is JB in contact with him? If not, why not?

crunch123
27/9/2016
12:49
I wonder if JB has tried using diplomatic channels to try & speed up the licence?
crunch123
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