Ann: Update - Judicial Review and DOCA, page-10

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MahoganyPark

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06/09/17

18:40

Post #: 27042129
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Originally posted by bobminer ↑

Hi MP. There is nothing i can add. The rampers of IDC have disappeared & the whole thing has been a disaster for shareholders. One thing i do know is that unless you are a big powerful multinational with deep pockets to bribe everyone who has an interest, no matter how tenuous that interest might be, then no one succeeds in that country. Even CRA now Riotinto the initial discoverer of Mt Kare pulled out. Initially there were only 2 tribes involved, now there is a plethora of parties wanting their cut. The original BOD of IDC also have a lot to answer for, but as with most penny dreadfulls the individuals involved mine shareholders pockets & very rarely go into the field or dirty their hands. Sadly the mongrels walk away scott free with $millions in their own bank accounts. Mt Kare will be mined one day, but whether it's this decade or a decade to come, no one knows. Read the book Black Bonanza by Peter Ryan, it will give you some background of the early years of the discovery.
Cheers Bob.

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Thanks Bob
A few lost years and some lost $ I now know you speak from experience. An excellent account of the real world in PNG and a lesson to boot.
Again, many thanks
MP

IDC Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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Ann: Update - Judicial Review and DOCA, page-10

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