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Gold/Mining/Energy : Tenke Mining Corp (TNK)
TNK 60.90-0.3%Nov 7 3:59 PM EST

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To: Gofer who wrote (230)8/28/1998 8:19:00 AM
From: Gunnar  Read Replies (1) of 486
 
It is always interesting to read your post, Gofer. The letters often tries to predict or comment future possible events.

1. Must Kabila resign? The outcome of this war may show that the states in the area wont let governments fall because of tribalism or ethnic separatism. Each state is part of a regional security that limits the actions of any force that tries to oppose the ruling gov's with arms. The changes must be done in a democratic way? This is what we hope for. After the Rwandan campaign I think that it must be understood that this was the fear that Kabila felt when he got into the Chines arm business. Why did not the west provide the DRC with the rudimentary needs for national defence? Saying that it I am very eager to hear when the elections will take part. The situation in the east will probably be of another kind than when the Rwandan soldiers dominated that region of the DRC. Kabila, is he what Jaruczelski was for Poland: keeping the Soviets away and make change possible?
I hope we will have elections in a year on national level.

2. The Banro case must be solved. At the same time as a package of clarifications around the questions on ruling the land by law? A western project to support?! Sweden supported the currency reform, there is lot to be done...

3. Money talks, as do minerals in ground. The gov has an interest in higher prices on the concessions. There is only one way out of this...
But, what about the south-African moves under this conflict: Will Anglo go through this without any losses?

4. Inga is of importance. The fighting in the suburbs of Kinshasa seems to indicate that the aggressors is divided from each other. The soldiers at the dam, or the Eastern leaders, do not use the Inga card to stop the general offensive against the different pockets that we seems to have in the area. That leads me to believe that the dam task will be solved, and some local forces will have a special treatment. Only panic could ruin such a solution. Will see.

5. If this is seen as a prolonged Rwandan war, we can be quite confident about the souther situation, the Tenke area. The only uncertainty is the intentions of the Angolan gov's concerning the UNITA. Will they start a new front down along it's Congo border?

This conflict must be negotiated as a momentum and a force majeure for all investors. That would be a positive opening for all.

Regards,
Gunnar
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