As I said previously I was wrong...PEN have no intention of offloading any of their stake in Raki Raki.
Now we know why!
Geopacific Resources need to get off their backside and start drilling.
Maybe the rights issue they are doing will start the ball rolling...
"5.1 PURPOSE OF THE RIGHTS OFFER
The purpose of the Rights Offer is to raise up to $2,172,000 to provide additional working capital to the Company and its subsidiaries, to fund the continuation of exploration activities on the Companys Fiji projects."
http://www.geopacific.com.au/pdf/NON-REN%20rights_OFFER%20Letter%20to%20shareholders_1%20Dec09_BV%20Final.pdf
http://www.geopacific.com.au/raki.html
raki raki gold project, fiji (peninsula minera, page-20
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