get a better deal, page-6

Lapdog think the share price does not reflect possible long term value and short term if CHN get a better offer the share price is bound to rise. It is in the hands of investors but I think if the deal is voted down CHN will get a better offer either from China SFECO Group or a other Chinese or Russian company.

Dwuuuu mining can be a long term investment and I doubt CHN would just be sitting on its hands during that time. Mind you CHN can sell Koka and hang on to the exploration areas rather than the present deal which sells everything apart from a couple of areas.

Dorimus been watching the political situation in Eritrea for a couple of years and like a hawk in the run up to the watered down sanctions. The Eritrean Regime will find some way to pay for any share of new companies even if it is from their share of any ore production.

No fan of the Eritrean government but they are not increasingly involving themselves in the Geo politics of the region. A lot of the problem is the long standing rivalry with Ethiopia whose regime is not much, if at all better than the Eritrean's. Both countries have a track record of sponsoring organisations to give the regime in the other country headaches.

Eritrean support of Al-Shabab has been greatly exaggerated with most of the flow of arms to Al-Shabab coming from arms being sold to them from forces fighting them. Who have turn been supplied from the west.

Effectively the US and others have ended up supplying both sides (not for the first time). Al-Shabab anyway are on the back foot anyway and may decline into total irrelevance if the present trend of reverses for them continue.

As Chinese influence increases in the Eritrean mining sector western pressure on it is likely to wither away. Chinese can just ignore any direct criticism that is assuming that the west is brave enough to make any.

The Chinese have been cleaning up in Eritrea while the west has been stumbling around. The Chinese will always look after number one especially where the supply of natural resources is concerned classic recent example is Iran. http://www.bloomberg.com/news/2012-01-12/china-gets-cheaper-iran-oil-as-u-s-pays-tab-for-hormuz-patrols.html

Got to hand it to the Chinese cannot be easy being Eritrea and Ethiopa's best friends at the same time but bar the odd blip the have managed it.
http://www.tesfanews.net/archives/6024

Going to be increasingly hard for the USA to even indirectly criticise western mining companies in Eritrea without attacking Chinese ones.

Self defeating policy anyway as criticizing western companies there will just lead to them being replaced by Chinese companies who will be less sensitive.

Well guess I have got a little sidetracked but there should not be a fire sale of Chalices assets as they are worth more to the Chinese anyway due to the politics of the region.

Sorry for the diversion into politics but it is important.

Usually check Tesfa news for the government side and asmarino independent to get the opposition take on the politics of the region.

Robert