"...when a helicopter arrived...... Those on board the unannounced arrival ordered the 667 workers -- including seven expatriates -- to leave the site immediately"
Sounds like the start of a james bond movie.
""When other major mining companies see what is happening here, it is not necessarily going to encourage them to be huge investors in the Indonesian resources industry."
Australia's Jakarta embassy had been briefed, he said." (colin jackson)
""We can go through to arbitration, but if you get a favourable arbitration direction out of Singapore, maybe it doesn't go any further."
Mr Jackson said Intrepid had developed contingency plans for such a situation.
Intrepid had been working on the options since relations with the two original shareholders in PT IMN became "distant".
"There are things in train and you would understand why I wouldn't say anything more than that," he said."
IAU Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
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(20min delay)