IRN indophil resources nl

Thought I start a new topic since someone won't let go of the...

  1. 1,531 Posts.
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    Thought I start a new topic since someone won't let go of the other unproven topic.

    Initial impression on the draft EIS seems like money well spent.

    I am liking what I read in the media reports so far regarding the draft EIS, besides the church there seems to be good support among the local government unit, the national government being a big supporter as well.

    Even the town hosting the proposed tailing storage and freshwater dam likes what they see in the report.

    Source: Just google news search "Tampakan"

    The market is responding with a resurgence in momentum (the good kind), I won't make any price prediction, but odds are getting better for indophil. Especially after the almost-successful completion of the SPP (still retail component to go, I know I will take up my entitlement especially at current prices)

    Probably get a dip in price after the retail entitlement shares are released, otherwise its all eyes on the EIS.

    Oh yeah, if a project is going to add $5.9 billion USD to the economy, the government probably have a financial interest in keeping some army nearby to keep away the baddies. Some food for thought.
 
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