Problem is the mining laws and foreign investment restrictions. There are companies already with MSPA and sitting on larger and higher grades One has been trying to raise the capex for 21 years went from a project Capex of $1.1 billion, could not get partners then tried $700 million no luck then recently $225 million for a smaller size operation still trying.
Chevron recently withdrew from the Kalinga Geothermal Power Project just another of many foreign investors that have departed. If it was made attractive for foreign investors to operate in the Philippines there would be flurry of activity. As it is has to be 60% Philippine 40% foreign. Have to compete against the likes of Australia and Canada and most of the world.
- Forums
- ASX - By Stock
- CLA
- Ann: MCB Project receives Certificate of Approval for EPEP-FMRDP
Ann: MCB Project receives Certificate of Approval for EPEP-FMRDP, page-25
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLA (ASX) to my watchlist
|
|||||
Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $29.13M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $3.058K | 245.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 748336 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 2880254 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 748336 | 0.012 |
11 | 4943720 | 0.011 |
13 | 5616458 | 0.010 |
15 | 6196330 | 0.009 |
7 | 6620074 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 2880254 | 5 |
0.014 | 1066730 | 5 |
0.015 | 2621433 | 7 |
0.016 | 3077169 | 3 |
0.017 | 20000 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
CLA (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online