why i bought 2005
from the current web site ................................. (new to me)
`Further to the east on Sumbawa, Newmont has been carrying out exploration work on the Elang discovery, now rumoured to have a 1.8 billion-ton resource. Southern Arc controls the 9,670-ha East Elang property adjacent to Elang.'
This little bit of information that i found in a newspaper 2.6 years ago is why I started buying this obscure co. in Indonesia. pretty simple.... piggyback with big money old money. The 2 asian females and Aswin were also buying then.
I figured that the 9,670 ha position would generate enough cash (lump sum ar annually) for this management team (with extensive Indonesian exp ie...Hamish) to find something of their own.
Still the deal
Newmont has a scoping study/feasibility study ongoing ......... close to finished. I live 3 blocks from Newmonts World Headquarters..
I want all you weary travelers to sell and push it down to .22 Tell your wives you admit your foolishness.... tell her dinner and dancing is on the agenda. ...........No more male silliness.
best wishes
Soccer