Lightforce, The MOU with NFC allowed for an equity position and NFC indicated an intention to take it up. Ref: The last tv interview Les said "protection for shareholders was the existing larger shareholders who had a long term view and believed in the copper story." He also said that the deal with Petromin sends a message to investors and future financiers the state of PNG is behind us. Future financiers? Why if it is sorted with NFC. But then we do have Standard Bank as financial advisors. These messages tell me that Les is very well aware of any posible intentions of NFC and is able to have a second bet on the financing.(resource upgarde pending) Les states that the MOU with NFC has components that are very separate. Finance,Construction,Develop,Off take. Les has my support and I believe he is nobodys fool.
MGO Price at posting:
20.0¢ Sentiment: LT Buy Disclosure: Held