ptimn, page-2

Apparently Paul willis in 2008 had the backing of an indo coal company to be the backer of the tukit bukit mine. Intrepid heard that he was negotiating this deal and supposedly intrepid bullied and intimidated him out of his holding. A lot of this is hearsay and innuendo. But here we are pt imn has the backing of on of the largest coal and energy companies amaro. What I think is happening is pt imn are attempting to find a way out of the contact that intrepid has with them. They are hiding and stalling to find a way out of this contract. They have no interest in negotiating with intrepid. Pt imn has backing I bet and better still I bet its in Indonesia. I reckon intrepid are no even considered in any of their plans for getting this resource out. The only recourse that intrepid has is the legality of their contract with pt imn. Whether that has any substance is up to the corrupt Indonesian legal system. If this is all they have, this issue has certainly a long way to run. I think you are naive to think Canadaone any thing has changed for foreigners that do business in Indonesia. This is a long and protracted journey for intrepid and it might not be a happy story.