RE:lethargy and red tapeOK I am assuming you are a 'westerner'. I believe it is a mistake to put 'western' values on Enamco.
It's part of the Government, which Government in any part of this universe acts quickly anyway. 'Business' is conducted differently in this part of the world almost old styly. This business SGC has nothing to do with market forces at the moment. Enamco probably has scant knowledge of the term private investor.
Their values are different from ours as shareholders (show us the money). They will have an old antiquated infrastructure in the Government building, or at least what they have will not have a super polished IT department backup.
This is not a critisism, they are a young counrty coming out of a protracted war.
I am holding out for the mining licence this month. I will be disappointed if it is not forthcoming with out a very good reason being given by the company. Ramadan starts 18th June, there is a 50/50 split Christian and Moslem, I would hope that the licence arrives before that date.
I am getting paid to wait with my other Eritrean investment, but I am getting impatient.