RE: RE: RE: Another 266Kg going tomorrow I agree that it looks too good for the Nationalist and that may want them to get greedy and take the entire loot bag ...........BUT !
Yes, always a but. Having seen how things used to work in Egypt and the way things happened if you knew the right people and cut the right people in on the deal.....ETC ! Not entirely different than most dictator countries but somewhat blantant until lately...
I do not know how things will work with this government YET ! ( reminds me of a song , New Boss is the same as the old Boss ) sort of logic but here's the big BUT !
Egypt needs to be taken serious and needs foreign investment and hard currency NOW !
Nobody , and I mean NOBODY wants to be involved or put their money into a country that even hints at nationalisation or takeover or cancelling leases........It just sends the wrong message and the IMF will not put money into that economy because Dictatorship is not a good bet on getting money in return or even seeing an improvement in anything except another castle being built for another ruling class.
NO ! If they want to remain in power and see hard currency and loans coming into the country...They better play nice and the fact this mine is moving to a profit sharing area soon, bodes well for them....Also the amount of people employed and the spin offs would hurt also...
Just my opinion of course , but I am betting we see the highs again ....Awww Egypt......
Been very good to me..