According to an article in today's Financial Review (page 9), the Indonesian government is considering relaxing the restriction on the foreign ownership of mines.
The paper quotes the Indonesian Minister for Development and Planning saying that, "If you talk about investment, if you talk about business, if you talk about economics, you have to take the calculation of the business...you have to take that into account, but again as a government what you have to bear in mind is that you have to make sure that all the precautions are there, and that the terms of the agreements are mutually beneficial".
The share price has recovered recently and I think a good short term target is 94.5c.
jakarta rethinks foreign control
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $184.2M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.0¢ | 32.0¢ | $71.06K | 220.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 132500 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 48742 | 6 |
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| Last trade - 10.44am 15/11/2024 (20 minute delay) ? |
| A1M (ASX) Chart |