Yeh this Dangote sounds like a jerk to me- seems to want to keep everything inhouse and he's spat the dummy in nigeria over coal too apparantly. I'm sure the biggest asshole on earth is a rich man in a poor country.
GR replied to me as well indicating no announcement until ramifications are known but that this hasnt affected operations or sales (including to dangote) but may affect resource base. He didnt seem as concerned as i am but he is probably over being rattled by trumped-up govts with a misguided sense of nationalism.
It wasnt easy but i closed out my recent acquisitions entirely now. I may regret it but selling too early hurts for a month whereas losing the lot hurts indefintely. There's also the likelihood that this news will scare the market and, if so, i reserve the right to reload. That said, this development puts a grey cloud of uncertainty over the risks i was otherwise very comfortable with. Very disappointed that my iec dream is dead for now though. Gltah
IEC Price at posting:
1.9¢ Sentiment: Sell Disclosure: Held
(20min delay)
