I take some comfort that we have Provident on our side. Delays in Indonesia have historically been a sign of underlying problems, as the history of the Pani ownership is a good example. There are worse examples.
If they can get the final pieces put into place the upside is significant, particularly if gold resumes it's upwards run. Perhaps the recent gold strength is partly contributing to the delay? i.e. Greed and/or corruption somewhere in the process...
Anyway, we have a good partner and management with deep on the ground experience. I'll be shocked and disappointed if it doesn't go through in the next couple of months.
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I take some comfort that we have Provident on our side. Delays...
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