wazua Thu, May 7, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages«<3456>
Kshs 5 trn mineral discovery...no celebration!!!NKT!!!
Options
Previous Topic · Next Topic
murchr
#41 Posted : Monday, August 05, 2013 7:13:58 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Cortec among them
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
  |
youcan'tstopusnow
#42 Posted : Monday, August 05, 2013 7:18:43 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Balala also revealed that royalties on minerals have been increased from August 1, 2013.
“The royalties were at a low of 0.01 percent and the government was barely making any revenue from the minerals,” added Balala.
http://www.capitalfm.co....es-issued-from-jan-may/

Ati 0.01%?Laughing out loudly
Whoever set that rate should be tried for treason! Hehe. Or that is an error? Surely.
GOD BLESS YOUR LIFE
Back to top
WWW
  | | Edit by user: Monday, August 05, 2013 7:45 PM | Reason: Not specified
murchr
#43 Posted : Monday, August 05, 2013 7:42:39 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
youcan'tstopusnow wrote:
Balala also revealed that royalties on minerals have been increased from August 1, 2013.
“The royalties were at a low of 0.01 percent and the government was barely making any revenue from the minerals,” added Balala.
http://www.capitalfm.co....es-issued-from-jan-may/

Ati 0.01%?Laughing out loudly
Whoever set that rate should be tried for treason! Hehe. Surely.


That whoever must have "eaten" a kitu kikubwa
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
  |
youcan'tstopusnow
#44 Posted : Monday, August 05, 2013 7:47:02 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Royalties on gold, of which Kenya is a relatively small producer, would increase to 5 percent of gross sales value from 2.5-3 percent. For rare earth, niobium and titanium ores, royalties would rise to 10 percent of gross sales value from 3 percent previously, Balala said.
GOD BLESS YOUR LIFE
Back to top
WWW
  |
youcan'tstopusnow
#45 Posted : Monday, August 05, 2013 10:28:12 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
murchr wrote:
Cortec among them


It will pass. Moto ya Balala tu. Hehe.

Cortec Honchos With Uhuru At State House Mombasa On 26th April 2013
(The suspended Commissioner of Mines was there too)

""We will support the development of the Mrima Hill Niobium and Rare Earth Project and the efforts of Cortec Mining Kenya but are keen to ensure that exploitation of the minerals benefits the Country. Commercial development of this project will have a significant positive effect on all the stakeholders including the local community, the Kwale County and the Country as a whole" commented Kenyan President Uhuru Kenyatta."
GOD BLESS YOUR LIFE
Back to top
WWW
  | | Edit by user: Monday, August 05, 2013 10:37 PM | Reason: Not specified
mwekez@ji
#46 Posted : Tuesday, August 06, 2013 3:35:56 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Back to top
  | | Edit by user: Tuesday, August 06, 2013 11:54 AM | Reason: Not specified
Kaigangio
#47 Posted : Tuesday, August 06, 2013 7:07:17 AM
Rank: Elder

Joined: 2/27/2007
Posts: 2,768
Cortec Kenya Limited may just be another briefcase company in Kenya whose sole purpose was to help manipulate/pump the stock price for Pacific Wildcat Resources Corporation at Toronto Stock Exchange...

This action would in turn provide the required finances for Pacific Wildcat Resources Corporation to buy the 70% stake in local subsidiary Cortec Kenya Limited from the UK based companies, Sterling Ltd and Cortec Pty...

It has also emerged that the company had not committed large resources to actual drilling to determine commercial viability and this in itself is telling...

Sadly, the announcement of a huge nobium find in mrima hills was pure speculation to pump the share price at TSX...NKT!!!

See the link for more information:

Cortec Kenya...Absolutely Bure Kabisa!!!NKT!!!

...besides, the presence of a safe alone does not signify that there is money inside...
Back to top
  | | Edit by user: Tuesday, August 06, 2013 8:28 AM | Reason: Not specified
youcan'tstopusnow
#48 Posted : Tuesday, August 06, 2013 11:49:21 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
"We didn't see that one coming," said a senior official at Cortec Mining Kenya, a subsidiary of Canada-based minerals and metals firm Pacific Wildcat Resources, which is scouring the coastal region for niobium reserves.

The official, speaking on condition of anonymity as the company was still digesting the announcement, said Cortec had not received official word from the new government that its licenses were revoked.

"We followed all the legally required procedures that culminated in our being given these licenses," he said. "I am confident whatever the reasons for the revocations, we are clean." He said if his company's license were revoked it could be recovered "without much struggle."

http://news.yahoo.com/ke...licenses-105350932.html

Will be interesting how it unfolds...
GOD BLESS YOUR LIFE
Back to top
WWW
  |
hisah
#49 Posted : Wednesday, August 07, 2013 4:17:14 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
"We didn't see that one coming," said a senior official at Cortec Mining Kenya, a subsidiary of Canada-based minerals and metals firm Pacific Wildcat Resources, which is scouring the coastal region for niobium reserves.

The official, speaking on condition of anonymity as the company was still digesting the announcement, said Cortec had not received official word from the new government that its licenses were revoked.

"We followed all the legally required procedures that culminated in our being given these licenses," he said. "I am confident whatever the reasons for the revocations, we are clean." He said if his company's license were revoked it could be recovered "without much struggle."

http://news.yahoo.com/ke...licenses-105350932.html

Will be interesting how it unfolds...

Definitely liking this drama too... Like a love triangle with huge dirty linen coming up for the loser...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
maka
#50 Posted : Wednesday, August 07, 2013 8:31:17 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
hisah wrote:
youcan'tstopusnow wrote:
"We didn't see that one coming," said a senior official at Cortec Mining Kenya, a subsidiary of Canada-based minerals and metals firm Pacific Wildcat Resources, which is scouring the coastal region for niobium reserves.

The official, speaking on condition of anonymity as the company was still digesting the announcement, said Cortec had not received official word from the new government that its licenses were revoked.

"We followed all the legally required procedures that culminated in our being given these licenses," he said. "I am confident whatever the reasons for the revocations, we are clean." He said if his company's license were revoked it could be recovered "without much struggle."

http://news.yahoo.com/ke...licenses-105350932.html

Will be interesting how it unfolds...

Definitely liking this drama too... Like a love triangle with huge dirty linen coming up for the loser...

I know many of you will be against this but they are correct you cant just wake up one day and revoke licenses that were acquired legally its already in court lets see how it pans out but dont be surprised the govt loosing Balala was over his head on this one...
possunt quia posse videntur
Back to top
  |
6 Pages«<3456>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.