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What motive? To nationalise the bank?
Indonesia want to be Vice President of AIIB. God forbid, no business permit will be given , or it takes so long, all projects collapse in their tracks!
Why not spare some effort to highlight the ZERO transparency in the other legs?
No permit, then no fund. No fund, then no working capital. No work then geology ain't matter. So no permit, business go bust, investors got nicely clean out,, some smart guys get all for nothing. The trick will be replayed again: Grant short term permit to new investors, let them spend their money to advance exploration, when some traces of minerals are found,deliberately obstruct permit extension, wait for business to go bust, reclaim the land. It's like some one spendind millions to a house on leased land, the lease owner uses all kind of tricks to LEGALLY reclaim the lease of the property just before the construction work is completed. Smart move, especially you can get many people build houses on many properties.
Words mean little, without license, nothing else matter. Precisely why impossible to get permit extension. Message is loud and clear: foreign investors in mining will be driven out at every opportunity. Politician believe short term growth in Low cost manufacturing will make country strong like china, Korea etc. Will it last for long before another civil unrest to kick out the rich and wealthy business people. If history a good indicator, 10 years at most, its in grained in the DNA.
it just the harsh reality of investing in majority of indonisian mining companies. Share not tradeable with TD direct? Who in the right mind wants ot touch these? All Indonesian mining shares should be delisted from foreign exchanges to stop investors losing their hard earn cash.
Unless you are Freeport , otherwise you will be taken to the cleaner at every twist and turn! Anyone has money to burn, just torch it, at least you have see some ash left.
Who set them? Who implement them? Who changes them? Who enforces them? Who supervises and regulates them? If situation is half as good as you make it out to be, Why the investment public rated it 97/97, below all backward African countries? Listing companies in Indonesian will provide "some" protection, if that's the case, Foriegn Stock Exchanges should delist all Indonesian mining companies to protect their investors from investing in "unprotected" business. Those want to take risk can do so using the Indonesian exchange . Remind me of a kind of snail who fails to move like a tiger, so it is doing everything to make others to move along at its slow pace. Policies alone won't turn a snail into tiger. It's shell will provide temporary shelter, if it does not keep moving, it will be crushed!
KLG -tell me where are they? CHL - the thugs have removed them? Fair less is about transparency, not keep on moving them or make them too small to have a meaningful target. Other mining companies - they will be driven out earliest opportunity. Its just a matter of time, their goal posts will be removed. I expect transparency , honesty and decent business working environment for all participants.
KLG -tell me where are they? CHL - the thugs have removed them? Fair less is about transparency, not keep on moving them or make them too small to have a meaningful target. Other mining companies - they will be driven out earliest opportunity. Its just a matter of time, their goal posts will be removed. Id
I am not the cynic, despite you keep pointing finger at the KLG management, ask yourself who got KLG in this difficu;lty? 1. Who drove Freeport out? 2. KLG -Despite acting impacable as an operator, where is the permit extension? 3. Government wants local investments in mining - please give them credit, they are not dumb like the foreigners. Driving force? All outsiders will be driven out.
Why don't the one who care so much about the well being of KLG put up the $3m, kick the management out and do what they claim - a better job? Where are the indonesian investors, too clever to risk their own money? If Tiger doesn't appear, there is only one certain outcome, KLG will go bust and the land goes Indoor, isn't that what they wanted all along - taking theoutsiders to the cleaner at the every earliest opportunity.
No permits - no operation - no business - who will invest? Permit with restrictions - many uncertainty - attracts little interest. Any sign of few traces of mineral - high of mighty come kick out OUTSIDERS! These are all clearly written on the wall.
""Leave our mines alone""" But, before you leave, we like to empty your pockets first!!!!
Yes, 250millions. Their ways obviously making little progrress with this lot. There is so much you can help those who reluctant to help themselves.
Stop finding them excuses, wake them up to the hard fact that to be storng and wealthy a country and its people has to overcome all the hardship (fair or unfair) by shear hard work, suffering and determination, not political meddling. It has got what other countries can only envy: 1. Market of 2.5 billion people 2. land full of proven and unproven resources 3.Fertile land 4. nice scenery for tourism 5. situated in a most stretegic position in the asia sea What a waste. Insult them, hurt their pride, Kick their butts so it can grow and its people can benefit from its good fortune.
must be one of the most difficult tasks ever, only fair to pay management high salary to do mission almost impossible.
Corruption, collusion and nepotism! Arn't these part of its beautiful life and culture? its past, its present and its future? The amount of management pay is pale in significant, comparing to their efforts wasted in getting through permit extension. All mining operations seem to have experience the same issue - permit delay and obstruction increases when traces of minerals are found in a prospect. Lets ignore this and finger pointing the other lot of greedy - management ( barstewards).
The new operator must learn from KLG,no point being nice to people who never reciprocate, Minimum wage and straightly business, make money and move on. That's what they deserve, I was a strong supporter of YTS, sadly have learnt to know better.
For brave investors. If tiger happy to take $0.09 a share , new investors will ditto. Aimho!