Post by
KILOFINAL on Aug 14, 2020 2:22pm
I wouldn't be surprised if the Indonesian's
ask for more than their 30% share of the gold based on the current market for gold.
Comment by
DandyH on Aug 14, 2020 6:41pm
I wouldn't be suprised if you were dead wrong!!!!
Comment by
KILOFINAL on Aug 15, 2020 7:52am
Yeah okay.....go tell that to Freeport when Indonesia nationalized the worlds biggest gold mine in 2018
Comment by
DandyH on Aug 15, 2020 10:45am
I know that part of the world well. Travelled there on business since 2004. I can tell you if you don't have Indonesian partners your not going anywhere. eas did one thing right by getting indonesian partners to come in for 30%. The only certainty in life is you die. Everthing else are degrees of uncertainty. Good luck to anyone who puts money on the line in exploration stocks.
Comment by
nightowl21 on Aug 15, 2020 8:11pm
Would be happy to have Indonesia Gov’t team up with EAS! They would like to have a piece of Miwah ..I am sure! BTW....they paid 4.0 Billion$ to increase their share in Grasberg/freeport Deal ..to 51%, new mining laws with Indonesia federal Gov’t centralizing control..would indicate a new approach to things in Indonesia..anything is possible!
Comment by
brodeur on Aug 15, 2020 9:29pm
Getting paid $3.8b and still maintain a 49% stake is a pretty good deal for Freeport on a nationalization deal. Lol. im sure Eas at $16m market cap, when it is time to divest, will be a couple hundred million. Lol. Scared of divestiture? Nope. Great return! https://asia.nikkei.com/Business/Markets/Commodities/Indonesia-mine-nationalization-shakes-top-copper-producer