animatic, on Today, 08:42 , said:
Well his company is a big league mining company with a large seabed exploration division.
Mining and seabed exploration are well known not to be environmentally friendly.
To make them so, is much more expensive, and to some minds distorts the price at market to a disadvantage.
It may have one Malaysia Director, but it is primarily Thai, and well connected.
True Tower.... any connection to Truevision, True Telecom, etc? hhmmm.
Extremely well connected company, and in 'a businesses type at loggerheads with most environmental groups, and fishing companies', etc. Underwater mining as a basic concept... hard to keep those toxic byproducts out of the surrounding seawater, and the fisheries that are there.
Not hard to see where saying the wrong thing 'in good conscience' in a private meeting, might easily make these guys more than a little defensive. Is 'Due Dilligence' encouraged in Thailands business circles? If they have the 'True' mind set that is used on DTAC and the CAT concessions business, this legal attack may not be a surprise.
Maybe far too much money and face to be lost here,
so maybe a good defense is an agressive silencing offense?
Based on their website info it could be speculated that not every investor is prepared to invest in this type of business, and not every analyst will recommend getting involved in this type of business. Maybe something of the sort was said directly in the face of said Former Director?
Mining and seabed exploration are well known not to be environmentally friendly.
To make them so, is much more expensive, and to some minds distorts the price at market to a disadvantage.
Quote
http://www.tongkahha...ut_history.html
1980: Shareholding was restructured to become predominantly Thai in response to the Thai government’s policy of encouraging domestic investment in the mining industry. On being registered in Thailand, the Company was renamed “Tongkah Harbour Ltd.”
1990: With the collapse of the tin market in the mid 80’s, the Company diversified into gold and base metal exploration in 1990, and property development in Bangkok where it undertook the construction of “Tongkah Tower”, now known as the “True Tower”.
1980: Shareholding was restructured to become predominantly Thai in response to the Thai government’s policy of encouraging domestic investment in the mining industry. On being registered in Thailand, the Company was renamed “Tongkah Harbour Ltd.”
1990: With the collapse of the tin market in the mid 80’s, the Company diversified into gold and base metal exploration in 1990, and property development in Bangkok where it undertook the construction of “Tongkah Tower”, now known as the “True Tower”.
It may have one Malaysia Director, but it is primarily Thai, and well connected.
True Tower.... any connection to Truevision, True Telecom, etc? hhmmm.
Quote
2005: The Company accumulated 83.7 % of Sea Minerals Limited (SML) which has subsequently filed mining leases over 50,000 rai (8,000 hectares) to mine an off-shore deposit in the Andaman Sea where evaluations based on some 1200 drill holes indicate resources of over 50,000 tons of tin in the area.
2007: The Company controls 99.99% of SML which has proven reserves of some 60,000 tons of tin ore (72% Sn) at a cut off grade of 0.10kg/cubic meterNow
2009: Currently, the Company is focused on flotation plant construction at its Loei gold mining operation and commissioning the facility for full operation and production. Meanwhile, exploration for more ore in the concession area is ongoing with recent drilling at Target T-1 indicating increases in sulfide ore resources. THL will also be pursuing licensing for its offshore tin ore resources in the Andaman Sea, and will be monitoring development prospects for its landbank holdings in Bangkok and Phuket. The company will also continue to monitor and following upon, any exploration and development prospects in Thailand and neighboring countries.
2007: The Company controls 99.99% of SML which has proven reserves of some 60,000 tons of tin ore (72% Sn) at a cut off grade of 0.10kg/cubic meterNow
2009: Currently, the Company is focused on flotation plant construction at its Loei gold mining operation and commissioning the facility for full operation and production. Meanwhile, exploration for more ore in the concession area is ongoing with recent drilling at Target T-1 indicating increases in sulfide ore resources. THL will also be pursuing licensing for its offshore tin ore resources in the Andaman Sea, and will be monitoring development prospects for its landbank holdings in Bangkok and Phuket. The company will also continue to monitor and following upon, any exploration and development prospects in Thailand and neighboring countries.
Extremely well connected company, and in 'a businesses type at loggerheads with most environmental groups, and fishing companies', etc. Underwater mining as a basic concept... hard to keep those toxic byproducts out of the surrounding seawater, and the fisheries that are there.
Not hard to see where saying the wrong thing 'in good conscience' in a private meeting, might easily make these guys more than a little defensive. Is 'Due Dilligence' encouraged in Thailands business circles? If they have the 'True' mind set that is used on DTAC and the CAT concessions business, this legal attack may not be a surprise.
Maybe far too much money and face to be lost here,
so maybe a good defense is an agressive silencing offense?
Based on their website info it could be speculated that not every investor is prepared to invest in this type of business, and not every analyst will recommend getting involved in this type of business. Maybe something of the sort was said directly in the face of said Former Director?





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