RE:This is a high risk stock! You seem pretty concerned about your short position.
Government is trying to squeeze more royalties out of Porgera and playing hardball while doing it. China's threatening to divest w/ PNG:
https://www.reuters.com/article/us-barrick-gold-png-china/zijin-says-papua-new-guinea-ending-gold-mine-lease-may-hurt-bilateral-ties-idUSKBN22B2C0 To be clear, the Porgera mine has not been seized, it's only a threat on the negotiation table
https://www.bnnbloomberg.ca/papua-new-guinea-pm-threatens-to-take-over-barrick-gold-mine-1.1428249 China's one of PNG's biggest funders, specifically China's got them in a debt hold.
https://www.theguardian.com/world/2019/aug/07/papua-new-guinea-asks-china-to-refinance-its-national-debt-as-beijing-influence-grows. Frankly PNG can't afford to fight with China at this point.
So chances are there will continue to be a short term dispute before things settledown again. In the end Porgera will probably not be seized because PNG can't operate it by themselves, China's investment is too valuable for them, and to top it off the local land owners are airing grievances of the income loss.
https://www.looppng.com/png-news/non-renewal-have-major-impacts-ploa-91833 In the end K92's mine is not threatened at this point. Local unrest was due to delays on road improvements due to weather.
https://postcourier.com.pg/k92-mine-back-in-operation/ Wonder why things could possibly be holding price wise? Because people who do their due diligence understand that the risk here is minimal.