Last year, according to the International Organization for Migration, Eritreans accounted for 23 percent of the 170,100 migrants who arrived in Italy by sea — an astonishing proportion for a young country on the Horn of Africa with a population of 6.3 million.
It is not hard to understand why the exodus from Eritrea has been running at an estimated 5,000 a month. In a devastating report issued June 8, a United Nations commission of inquiry confirmed that Eritrea has one of the worst records of human rights abuses anywhere in the world.
Congratulations stockholders. Time the Canadian Government takes another look at NSU.
Yeah-- nice going Cliff:
Three Eritrean refugees have filed a lawsuit against a Canadian mining firm over claims that it conspired with the Eritrean government to force them and other conscripted workers to work at a copper mine for long hours while receiving little pay and living in squalid conditions.
The men, who now live in an Ethiopian refugee camp, say they were conscripted into the Eritrean army before being made to work “unfairly long hours without enough salary, proper medical services, good shelter [or] enough food”. They worked for the Bisha Mining Share Company (BMSC), which is operated jointly by Vancouver-based Nevsun Resources and Segen Construction, an Eritrean state-owned contractor.
Sentiment: Strong Sell
Congratulations.You are now a shareholder in a company that uses well-documented slave labor under the guise of unending military conscription.
The company said it was required to hire an Eritrean company, Segen Construction, as a major subcontractor at the mine. Segen is owned by Eritrea’s ruling party. Nevsun said it was not permitted to hire any other contractor for certain construction jobs at the site, and it was not permitted to do the work itself.
Sentiment: Strong Sell
Actually, they only thing they really mine are the suckers pay the officers whopping salaries-- CEO: I.7 million plus.
In my view, the only possible buyer is China. If they had wanted it, they would have done so long ago--but even they don't see mine value at any price.
Frost is still sulking from Mitt Romney's loss to Obama. He threw big fund raisers for Mitt at his FL mansion.
I suggest It's because of the NYTimes piece on serious issues involving India's drug industry, big competitors to Teva. FDA very unhappy with what they're seeing in India. If Teva keeps its nose clean, it stands only to benefit.
That's who--in dollars:
Mr. Clifford T. Davis ,
Chief Exec. Officer, Pres, Acting Chief Financial Officer and Director 1.07M 0.00
Mr. Frazer W. Bourchier BASc, MASc, P.Eng, 48
Chief Operating Officer and Member of Social, Environmental, Safety & Health Committee 662.00K 0.00
Mr. Scott A. Trebilcock , 43
VP of Bus. Devel. & Investor Relations 467.00K 0.00
Mr. Peter J. Hardie ,
VP of Fin. 356.00K 0.00
Mr. Kevin Moxham ,
Gen. Mang. of Bisha Mining Share Company 603.00K 0.00
Great name Fausto--not many CFOs with that first name and not many leave so soon. Welcome to the team, Veramodo
Politics apart, working for Apple contractors in China is a choice and a way of improving one's situation; in Eritrea, it's forced by the Government-owned contractor as part of so-called military service of an undetermined term. That's part of the reason thousands of Eritrean boys and men are languishing in Italy, Israel, Sudan, Ethiopia and other countries to escape indentured servitude.
Canada expelling Eritrean diplomat for using consulate for fundraising
TORONTO — The Consulate General of Eritrea in Toronto, the African country’s only diplomatic outpost in Canada, has long been accused of running a collection racket set up to finance the regime and its armed forces.
As the National Post first reported in 2011, the consulate was acting as a fundraising front that solicited a 2% income tax and a $300 to $500 “national defence” fee from Eritrean expatriates in Canada.
On Wednesday, Ottawa moved to shut the scheme down, ordering the expulsion of consul Semere Ghebremariam O. Micael over his persistent efforts to use the consulate to violate a United Nations military embargo.
The expulsion order followed a government investigation that found that, months after Canada had ordered him to stop, the Eritrean consul was continuing to solicit money, some of it explicitly for military purposes.
The scheme was considered illegal because the UN Security Council imposed sanctions on the Eritrean military four years ago over its ties to armed groups in the Horn of Africa, notably Al-Shabab, a regional affiliate of al-Qaeda.
Eritrea is "stable" in the sense that possible change in the status quo would be one general replacing another. Thousands of able-bodied Eritreans have fled what amounts to lifetime conscription, many dying in drowning or thirst in trekking through deserts.
Those who have made it to the US--they number in the tens of thousands--are still held hostage by the generals since they are required to turn over funds monthly as protection that their familly left behind won't be harmed or harrassed by the regime. You have to know an Eritrean here well before he will acknowlege this blackmail. The regime has its "turncoats" here as well.
From Human Rights Watch 2013 report issued this week:
Conscripts allegedly provided forced labor to construct infrastructure at the Bisha gold mine, Eritrea’s only operating mine and a major source of revenue. Although the Eritrean government had agreed with the mine’s principal international owner that no national service conscripts would be allowed to work at Bisha, it required use of a ruling party-controlled contractor, Segen Construction. Segen makes widespread use of conscript labor and there is evidence that it did so at Bisha as well. Escapees told Human Rights Watch in 2012 that they worked 12-hour shifts and endured dangerously inadequate food and housing conditions. They did not complain because, as one escapee told Human Rights Watch, “we were afraid for our lives.”
Maybe the Generals have run out of fleeing slaves and now have their wives and mistresses working the mines. There aint no able-bodied boys left; escaping, they are drowning in leaky boats or dying of thirst in deserts.
Nevsun has no class. Ashby can pick a nice director's fee but the control is essentially in the hands of the Eritrean generals who run every aspect of that star-crossed country. Every abled Eritrean risks death trying to escape that hell hole rather than submit to forced military service with no end. See North Korea for similar.
Inevitably, when an American goes to an Iranian rug store, he pays too much.
As for Z, it's a crapshoot and I'll keep it on the table.
Trading will give you heartburn and peanuts for profit. Take the all-in approach; you're only young once. This from a guy who owned many of the old IPOs and took quick profits. ZNGA is worth a long-term shot.