Post by
cloreenbaconskin on Sep 24, 2014 11:48am
Update from Guy Duport
He is currently in Europe conducting targeted meetings with interested parties.
WAI is in advanced discussions with a financial institution for long term financing needs.
I asked about Bellzone and their recent troubles with China Sonangol/CIF. He said Bellzone has just found out that CIF were not the strategic partner they appeared to be/that WAI had hoped for.
WAI, unlike Bellzone and many others, has insider/management financial backing (ie. SARI).
Due diligence takes time for investors to complete but with WAI being close to port and infrastructure, it definitely has an advantage.
Comment by
rivermoney on Sep 24, 2014 12:06pm
WAI has SARI as a definite backing which makes them a Good buy. I believe Guy has been in Europe for some time now. Where in Europe is the question. Perhaps “Switzerland” where Glencore’s head office is located. Let’s hope so.. Time will tell. They could be finalizing agreements???.
Comment by
cloreenbaconskin on Sep 24, 2014 1:13pm
He is travelling in France, Germany, Czech Republic and Turkey.
Speculation on contacts:
France
https://www.sgsgroup.fr/en/Mining/Services-for-Industry-Challenges/Strategic-Metals/Iron-Ore.aspx
Germanyhttps://www.ariainternational.de/en/contact/