The remarkable quote that got members of Team Ellen running for cover.

Number of posts : 437 Points : 197 Registration date : 2008-04-25

"If I go down, so will many people within the current government," Willis Knuckles, former Minister of State for Presidential Affairs, Minister of Public Works and a key aide to Liberian President Ellen Johnson-Sirleaf.

Stay tune for more revelations.

…Int’l Partners Express Grave Concerns over Process
The much awaited due diligence report on the Western Cluster Iron Ore Deposit confirms what most analysts had already stated.

Delta Mining Consolidated is a bankrupt company with no free cash flows since it began operations in 2006! According to the Deloitte and Touche due diligence report, Delta is technically insolvent and had never made any investment above seven hundred thousand United States Dollars.

Despite Delta’s negative cash flow and technical insolvency, the Inter Ministerial Mineral Technical Committee (IMMTC) chose the company to make a 1.5 billion dollar investment in the project over well known and respected international giants such as Sinosteel Corporation, Tata, Arcelor Mittal and Rio Doce!

According to investigation, key findings and implications from the due diligence report indicate: “Delta hasn’t generated revenue since it commenced operating 1 March 2006. Delta had negative FCF for FY07 and FY08. Delta was neither solvent nor liquid in FY07 and FY08. Delta does not have previous investments that exceed R6m.”

According to the probe, “Delta’s ability to generate revenue cannot be determined and it is currently incurring losses. Delta’s ability to conduct its current operations and any future expansion or investment is dependent on external funding.”

It was also discovered that Delta appears under-capitalized and may not be able to continue operations in the short to medium-term. Delta will rely heavily on its strategic alliance partners for financial support and that Delta and its current associates have limited exposure with multinational cross border infrastructure development.”.

Our investigation found out that what is even more surprising is that despite the information in the due diligence report, the Inter Ministerial Mineral Technical Committee (IMMTC) is still recommending Delta for the Western Cluster.

Sources said a report prepared last week for the President by the IMMTC concludes that the Government of Liberia should invite the bankrupt company to begin negotiations on implementation of the Western Cluster Iron Ore.

The IMMTC report to the President provides additional information not corroborated by the due diligence indicating that Delta has recapitalized a subsidiary, DMC Coal in July of this year, providing “substantial” capitalization.

The amount of the capitalization was not indicated. The report to the President also says Delta now has strategic partners, such as AMB, IDC of South Africa, but no firm commitments by these partners to the project were indicated by the Deloitte and Touche due diligence. Experts in international tender say any improved circumstance of a bidder after the bids were received should not be factored into the selection process.

Experts say whatever little improvement to the ability of Delta was caused by the announcement by the President of Liberia that they had won the Western Cluster Deposits.

An international mineral expert who chooses to remain anonymous said “what were members of the IMMTC thinking to still recommend Delta to the President?” Some other international partners have privately intimated that the selection of a bankrupt company seriously impinges the credibility of the government as regards its efforts at transparency.

According to the Deloitte and Touche due diligence report, Delta did not present financial statements during the bidding process and only prepared them for the purpose of the due diligence report, and they were unaudited.

According to Deloitte and Touche, the accuracy of the financial statements could not be determined since they were unaudited and unverified by any independent source.

Meanwhile, mineral experts are scratching their heads over how a company that did not present financial statements could have been short listed beyond the Expression of Interest (EOI) stage and eventually win a 1.6 billion dollar project

hmmm..pope all inside this one ... th_mrgreen

Number of posts : 437 Points : 197 Registration date : 2008-04-25

candygirl wrote:: hmmm..pope all inside this one ...

Candy my dear, if we (the ordinary Liberians) didn't respect, and feel that Ma Ellen was the best person to lead today’s Liberia, we (the ordinary Liberians) would have exposed much more on FPA.

Our beloved President Ellen Johnson Sirleaf is the best person to lead today's Liberia, but she has to completely disassociate herself from corrupt individuals, whose primary goal is to enrich themselves at the expense of the Liberian people.

Ma Ellen we love you oohhh, we love you, but it's time to put Mama Liberia first yah.. If not, den we (the ordinary Liberian people) will expose the massive corruption within your administration yah; the choice is yours.

rufus, you Progressive too na?

Pope happy, somebody in trouble. His prophecy has come true. What good is a pope without a prophecy?

da what dey man say? pope, stop playing with us mehn. in fact sef, had dream abt u last nite :)

gadyu wrote:: Pope happy, somebody in trouble. His prophecy has come true. What good is a pope without a prophecy?

i know, right?
but the funny adn sweet part is that town trap not for rat one. ehn he say he want be pre-dent? : smile_tongue

Well, for clean part, I know the pope is as clean as a whistle. Since I been knowing him, he never do three some, he never eat nobody money, he never eat nobody wife or gehfren and he doesnt have any secret emails.

Dis few days he been shredding and bwening and going back all the way to his MC days trying to straitin up all his hoody rats....lol

gadyu wrote:: Well, for clean part, I know the pope is as clean as a whistle. Since I been knowing him, he never do three some, he never eat nobody money, he never eat nobody wife or gehfren and he doesnt have any secret emails.

Dis few days he been shredding and bwening and going back all the way to his MC days trying to straitin up all his hoody rats....lol

Number of posts : 437 Points : 197 Registration date : 2008-04-25

We (the ordinary Liberians) have evidence to prove that massive corruption by trusted members of the Ellen government has undermined the legitimacy of her administration in the eyes of hard working Liberians, who are surviving on less than US $5.00 a day, and of investors, both domestic and international. Again, our beloved President Ellen Johnson Sirleaf is the best person to lead today's Liberia, but she has to completely disassociate herself from corrupt individuals, whose primary goal is to enrich themselves at the expense of the Liberian people.

Candy, your hand steady oh..To make that mark over your eye like that not easy oh. I used to watch my grandma do that thing and she used to be shaking, when she fini, it used to look like the flash sign, like a crooked Z.
lol

da true gadyu...even his friends never marry another wife : smile_tongue

POPE!!!! da my second time calling you o! th_ROFLMAO

gadyu wrote:: Candy, your hand steady oh..To make that mark over your eye like that not easy oh. I used to watch my grandma do that thing and she used to be shaking, when she fini, it used to look like the flash sign, like a crooked Z.
lol

you crazy. what can i say? i got skills th_mrgreen

krazzy wrote:: da true gadyu...even his friends never marry another wife : POPE!!!! da my second time calling you o!

he will soon say his "friend" say this and that th_yes-1

rberry wrote:

candygirl wrote:: hmmm..pope all inside this one ...

Candy my dear, if we (the ordinary Liberians) didn't respect, and feel that Ma Ellen was the best person to lead today’s Liberia, we (the ordinary Liberians) would have exposed much more on FPA.

Our beloved President Ellen Johnson Sirleaf is the best person to lead today's Liberia, but she has to completely disassociate herself from corrupt individuals, whose primary goal is to enrich themselves at the expense of the Liberian people.

Ma Ellen we love you oohhh, we love you, but it's time to put Mama Liberia first yah.. If not, den we (the ordinary Liberian people) will expose the massive corruption within your administration yah; the choice is yours.

Sooo true Pope. She needs to stop talking and act or else.

Number of posts : 437 Points : 197 Registration date : 2008-04-25

krazzy wrote:: da true gadyu...even his friends never marry another wife : POPE!!!! da my second time calling you o!

Okay, da weyting you say now.... My phone jes ringing with plenty plenty calls dem from Liberia Shocked

...

i got skills th_mrgreen

[/quote]

You gotta have skillzz...Anyway, Rufus is a trueblooded Liberian. I am sure he will rise to the occasion and be more than wht he is now. I have watched that boy grow and grow, first as an altar boy in the same church, and then two boys of the same "big aunty" on Clay street.

gadyu wrote:: i got skills

You gotta have skillzz...Anyway, Rufus is a trueblooded Liberian. I am sure he will rise to the occasion and be more than wht he is now. I have watched that boy grow and grow, first as an altar boy in the same church, and then two boys of the same "big aunty" on Clay street.[/quote] Rolling Eyes