Ann: PNG Project Sale, page-16

The decision appears so bad on the surface I suspect that there have been long running difficulties that we retail are not aware of. Trying to give the board the benefit of the doubt after initial dismay as initially entered this as a gold play.Suspected that something was amiss when there appeared to be no effort to take over the Tokoluma mine.You'd think we'd be holding all the aces as Tokoluma is not viable with FNT's leashes.Then we hear they were building the tracks to the mine- so this has been brewing for a while.

Pissed that they didn't sink a DD into that deep structure that if a porphry could be worth billions.We knew that they were frigging around a long time so suspect that they were using this to establish what is essentially a new company in Australia.

Perhaps best to release late after market close on a Friday and hope that we'll get drunk on the week end ad forget about it by Monday.

Basically there is SFA we can do about it.That may end up being the best thing if and when the truth comes out.Can't say much while the sale is in play.Just remember that PNG is riddled with corruption, disease,and often aggro landholders (although we are led to believe all smiles).It is a dangerous place for Europeans.