I'm hearing on the street, from people that know, that the ABG Finance Minister attended the AGM of BCL last week but was denied the right to vote its 36% because of an issue with the proxy form and the decision was taken by the Chairman to deny the ABG Fincnace Minister the right to vote the 36% of shares owned by the ABG.
This is what the chairman calls "working closely with the ABG".
What this shows is that BCL is a 100% state-owned enterprise of the PNG government. The shareholding by ABG is simply a mirage being used as a smokescreen by BCL and PNG to fool the people of Bougainville.
There was also discussion of ongoing payments to Rio Tinto.
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