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James E. Sinclair,
Chairman & CEO,
Tanzanian Royalty Exploration Corporation |
| | April 14, 2010
Updates From Oman - Day 3
Author: Jim Sinclair
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| | My Dear Friends,
It is 6am and I write to you while overlooking the Gulf. I am yet to see anyone in the sea even though the waters are clear and inviting. That to me is a good reason to take a swim only in the pool so handsomely presented for guests.
Only a stone's throw from the sea there seems to be little humidity to deal with. The sun seems to give you penetrating warmth more so than an uncomfortable heat. The practicality of the local men's wear cannot be argued with as it give comfort beyond all the zipping and buttoning we do daily.
Our meetings have been at the ministerial level courtesy of our hosts and the arrangements made by the General Secretary for Royal Court Affairs.
Our direct business is with our hosts yet this society has an integrated decision making process wherein acceptance at the ministerial level is vital to forming partnership relations.
A partnership between Africa and Oman would look both ways as far as asset building is concerned.
Oman looks poorly upon speculation, but rather applauds a focused execution of goals, objectives and plans. As this approach put Canada in the lead, it supports Oman, not having fallen victim to the Wall Street proliferation of destructive OTC derivatives. This is a period where not keeping up with the financial Jones has paid off handsomely.
It is my view that if you were able to form an active partnership with significant Oman interests it would be a key to the growth of any sincere enterprise.
To that end we meet today with the Minister of Minerals to better understand the reciprocal opportunities of an Oman/African relationship.
It needs to be understood that Oman and Tanzania have a long-standing relationship culturally and economically that reaches back as far as the 14th century.
Exchanging energy for paper has become exhausting in the talent required to consistently remain ahead of the violent changes in the fiat currency markets. Minerals as a storehouse of value have been recognized in this testing time as solid compared to paper frenzy taking place every day.
We are fortunate to be here, to be with our hosts and to be meeting those that run this country on behalf of and at the direct instructions of the Sultan.
Respectfully,
Jim |
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| | You can view the Previous Chairman's Corner item: Thu Apr 15, 2010, Updates From Oman - Day 4
You can view the Next Chairman's Corner item: Tue Apr 13, 2010, Updates From Oman - Day 2
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