Miike, you gave me a smile:
"Sounds to me that they are trying to conceive the announcement...honestly 10 months?!?!"
As I said it was a vague memory (i cannot find it at the moment). The warden had to make a decison and then some other Red tape was to follow.
----------
Corporal, you have listed some important points:
"Which is why I'm not adding to my investment (mind you this owes me 6c)
Big resource, dubious country, minimal cash.
Massive upside potential but also Delisting potential.
Just tread carefully and know the risks of your investment."
----------------
Comments:
1. There has been some well known issues in Companies working overseas and not doing the right thing because of local business ethics.
2. PNG needs the investment and the two local villages appear from the reports to (need investment) from a outsiders viewpoint.
3. The resource is large and has been given a modest valuation.
4. There has been chatter about the issue of another large corporation coming in and swatting RMI out of the lease. I feel this may not be the case know due to the Hong Kong connection.
5. If the lease is renewed, I guesstimate the share price will rocket to 1.5 cents and then as rockets go come back dowm from the selloff from the CR and profit taking.
I sit and wait.
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