AU$ 900k for a >50% parcel is offered (price not negotiable and in cash, not scrip or deferred).
there have been a few twentybagger-RTOs with Indonesian shells like Bumi Resources, but the Mining-RTO-story is still quite new there, so shells are still cheap.
This shell has approval for up to 100% foreign ownership, could also be dual listed abroad.
Mining properties are plentiful and cheap in Indonesia (Oil/Gas, Coal, metals)
The offered shell has, unlike Aussie shells, rarity value: It is the only one in the country which is clean of liabilities (open and hidden), has foreign ownership approval ("PMA"-status) and a diversified shareholder base with >50% buyable in one parcel. Asian shells in other countries (SGX, China etc.) cost about $10million
Indonesian index, and economy, is booming again (JSX at record high, and more to come).
Please forward this mail to potentially interested friends.
