I spoke to a mate in PNG (in the know and in the mining game including liaising in northern bourgainville) and he told me prior to Friday (i think i spoke to him on Wednesday last week) he had heard the mining leases were being cancelled for BCL.
Downunderminder, if i knew how to short (im sure its easy i just have never done it) I would have shorted this at 60c when I was calling a sell on the stock.
Ive mentioned many times before, this could (and now looks likely to) be valued for its liquid assets (investments they have). I would put no value on the PNG tax assets as they'll likely never see the benefit of that.
Downunderminer.. its been you and I as the lone voices of reason here... Hailtech has been the only one with a 'buy' sentiment that has actually been interested in our (ie, people with PNG and Bougainville experience) experience and the points we raise.
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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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0.505 | 1042 | 1 |
0.510 | 2700 | 2 |
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