what if!, page-8

Regarding potential takeover.

Barrack may well be the only company in the world who would consider such a move.

Not to many companies want to be in PNG. To me the project would carry little to no premium because it's all to hard in PNG.

Check out IDC's share price against GOR since it got involved in PNG. IDC should have concentyrated on Cambodia and left PNG to the local community.

IDC is a trading stock and nothing more for some years to come. Where will they ever get development funding from for a project in PNG? They are not a Barrack who can fund it self and will never be. Hence the 18 cents ceiling and then the fall.

But as I say they are a trading stock and at this stage posibly a buy - without conviction.