Re:RE:Re:RE:RE:RE:RE:Didipio announcement soon?A. the prolonged wait is discouraging, and worrying; I think Duterte is working with Padilla--he's on facebook, or look for Didipio Nuevo vizcaya. Padilla has been thoroughly indoctrinated by ultra leftist socialists and could be making outrageous demands that they're trying to reach a compromise on. You cannot compromise with such people and Duterte will eventually have to just make a decision, that's my view.
As to another entity taking over. Nobody knows the operation like Oceana, some of which is proprietory in nature, the nuanced ways of doing things in that particular mine. It would take several months more for another operator to get things going. There's something called 'good will' in any business changing hands---the social connections, the understandings between employees and employer, procuring ---the list goes on and on. When businesses are sold a lot of the price is reflected in the 'good will' aspect, often even the business name staying the same because of the branding over years. So I think Oceana gets the FTAA is anyone.
But, you could be correct. It would not be good, because the Philippine government owns the mine, the land, everything but the capital assets that become more of a hindrance than anything if Oceana has to leave--negotiating prices with the new operator, basically giving the stuff away. Remember Oceana is Australian and the Philippines needs Australia as a friend. IMO