daytrading aug 8 pre-market, page-8

  1. 32,597 Posts.
    IAU. Latest annc from the coy is a bit of a concern? Can't see it helping the SP.

    excerpt
    "Despite protracted discussions, IMN and its shareholders (Indo coy) have accepted the money paid under the agreements (with Intrepid), but have consistently failed to implement the agreed shareholding structure.

    Intrepid has taken legal advice that foreign shareholding in Indonesian companies holding mining licenses is permitted
    under Indonesian law, subject to the requisite government approvals being obtained. The Company intends to exercise
    vigorously its right to acquire shares in IMN."
 
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