Surely there must be a plan, they spent money to acquire the shell.
We know from experience how local relations can go bad and destroy the potential of good projects (Bima) especially for Australian listed penny stocks. Trenggalek is a very prospective project but it will require an immense amount of effort and money to realise its potential as a porphyry copper.
I think that they are biding their time before introducing a new project so that they don't confuse the issue by having one good new project being dragged down by a project that is going nowhere or even backwards. If nothing is happening by the end of this quarter we may see a resolution, one way or the other.
I hope this is the case.
MG
ARX Price at posting:
52.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)