RE:Get ready guysI am with you Unicorn9000. I think there is a 75% chance that Duterte signs sometime
in the next 5 weeks ( June 20th being the 2nd anniversary of the expiry of the FTAA)
That is a great risk vs reward situation.
* Philippines can use the $ that will be generated ( hard hit recently) - lucrative arrangement
* It is on his desk and approved by all his underlings
* OGC nowhas a certificate on non overlap
* The Office of the President instructed the DENR to finalize the FTAA in December.
* April 15th of this year Philippines lifted 9 year ban on new mineral agreements to boost revenue
* perhaps nothing to do with this but 2 well known iindividuals in the industry agreed to be directors
a week ago and have a share interest.
* 2nd anniversary of the expiry of the FTAA approaching (06/20). Might be a deadline of sorts for one or both parties. ( conjecture)
It would not just be the great boost in working capital, but the end of a long and expensive ( time and money and shareholder patience) process.