Originally posted by apkjm
Hey mate , everyone has a different investment risk level , I certainly respect and understand your one ! In that quote I really meant stabilising after the election results , a excellent result at that !
Felix Tshisekedi is known for his anti-corruption views and support for the rule of law ,he is also pro mining and investment by foreign enterprises !
Also of note , VEC's JV partner in Adidi-Kanga is Société Minière de Kilo Moto (“SOKIMO”clear.png (13.78%). This is the DRC Government owned mining arm, so Government is out JV partner !
In short , Excellent results in the Election ( Pro Law and Investment )and the DRC Government is already VEC's JV partner (Sokimo )
Ps. The DRC is not the backwards Country the Australian mining media make it out to be , Billions and Billions of investment money is flooding into the Country . You only have to look at Kibali Gold Mine , 20Mill++ 0z and 2.5 Billion spent up to now. That just scrapes the surface !
Barrick-Randgold Merger Consummated
The merger has created a sector-leading gold company which owns five of the industry’s Top 10 Tier One gold assets1 (Cortez and Goldstrike in Nevada, USA (100%);
Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)), and two with the potential to become Tier One gold assets (Goldrush/Fourmile (100%) and Turquoise Ridge (75%), both in the USA).
https://www.barrick.com/news/news-d...ng-starts-in-new-companys-shares/default.aspx
Kibali Gold Bar , keeps in mind VEC is next-door to these guys !
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Barrick bets on Africa with $6-billion Randgold merger
In a move that would allow Barrick Gold Corp. to regain its crown as the world’s largest gold producer and tie the company’s future more closely to Africa, the Toronto-based miner on Monday announced a US$6 billion plan to purchase Randgold Resources Ltd.
https://business.financialpost.com/commodities/barrick-bets-on-africa-with-6-billion-randgold-merger
The Giant Canadian Gold Miner scrambled to get there hands Kibali ( Massive DRC Gold Mine )
I want bother loading in all the other European, Canadian , USA , Chinese and Australian investment news for the DRC , but you get the point clear.png Hope that was helpful man !
Thank you for the kind and informative reply! Not so used to that on this site.
I'll do some additional research and see if this might fit into my portfolio. Looking for a few long-term holds in minerals.
your more than welcome !
