Alabama Graphite Corp. Com ABGPF

Advantage ALP

[Pragmatist2016]

We talk about political instability as a incumberance to economic development - well, below is a tangible example of such - Syrah Resources may have a high quality deposit, but it means very little if the country is unstable and the infrtructure is weak - advantage ALP. All we need now are acceptable test results from the DOD and a LOI or offtake, and "Buy America" will take us home. GODSPEED.

-----------------------------
Good afternoon. We wrote in May that the three controversial state-backed loans, to ProIndicus, EMATUM, and MAM, “threaten to bankrupt Mozambique.” That threat has now become reality: as of yesterday, the government officially cannot pay. And its options at this point look dire.
Public debt now stands at 130% of GDP, against the IMF’s threshold for sustainability of 40%. To get to that level, Mozambique would have somehow to make almost $9 billion of debt disappear. Thankfully, and despite what the government’s advisors say, that does not appear to be a precondition to normalising relations with the IMF.
The presentation the government made to its creditors in London yesterday, with its upbeat assessments of the country’s prospects as a gas exporter - is simply asking them to make the same mistake again. Or, in the case of EMATUM investors who fell for the swap deal in March, for the third time.
Last week, ENH chairman Omar Mitha told journalists in Maputo that Eni would tie up the multi-billion dollar financing it needs for its floating LNG project in Mozambique by the end of November. But even with political risk insurance from export credit agencies, it would be hard to blame banks who don’t want to touch Mozambique with a barge pole.