RE:Re:OGC referenceI view Didipio as merely a call option, a nice one at that but still only an option. Have a look back at Oceanas disclosures on the ftaa renewal going back two years. Have a read. It all says the same thing and we have seen this renewal approved twice before. This is the third time (finance to environment to president x 2, now 3) I for one am not holding my breath. Don't get me wrong, it would be wonderful to have this operation spitting out cash us shareholders but no one but President Duterte,the man himself can guarantee it. I watched the roadshow from last week and Sam clearly stated there were no guarantees and that one outcome was it may never happen.
Nice to see the share price react the way it did on Friday. IMO the SP movement was a powerful statement to Oceanas board and management: You bozos have no credibility and shareholders welcomed this change.