Recent regulatory changes make the Indonesian stock exchange more amenable for capital raising by mining companies in pre-production phase, something KLG might wish to explore in the event that KSK completes a feasibility study.
Investor too greedy? That must be it!!! They only lost $50m in 30 years, not enough.
If KLG wants a new licence, they must invest another $50m and in the unlikely event of production, promise to give most the profit back to the people. Mind blowing - Awesome!!!!
Its kind of like go the bookie, place a $100m bet on a 10,000/1 outsider. If the punters are lucky enough to win - because its such a large sum of money - the bookie will only allow the punters to take money out in small amount over period of 50 years. The money takien out is liable to winning tax of upto 60%. The bookie has the right to stop payment by refusing the punters entering its premise.
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