I spoke to a mate in PNG (in the know and in the mining game...

I spoke to a mate in PNG (in the know and in the mining game including liaising in northern bourgainville) and he told me prior to Friday (i think i spoke to him on Wednesday last week) he had heard the mining leases were being cancelled for BCL.

Downunderminder, if i knew how to short (im sure its easy i just have never done it) I would have shorted this at 60c when I was calling a sell on the stock.

Ive mentioned many times before, this could (and now looks likely to) be valued for its liquid assets (investments they have). I would put no value on the PNG tax assets as they'll likely never see the benefit of that.

Downunderminer.. its been you and I as the lone voices of reason here... Hailtech has been the only one with a 'buy' sentiment that has actually been interested in our (ie, people with PNG and Bougainville experience) experience and the points we raise.