Re:RE:Re:AnalystsE. Thank you, good take on things. We're definitely trading on a 'no Didipio' basis---people have essentially written it off. What I fail to see however--other people might have ideas---is how the Philippines refuses the FTAA to Oceana, then turns around and let's another entity take over. Or, they shut it down permanently and reclaim the area for eco tourism or other agro policies.
Their economy, as all developing economies, has taken a big hit the last couple of years; caving to environmentalists doesn't seem to make sense right now, and logic dictates that Oceana can get it up and running much faster than another owner. Even though all things would be quasi legal, if they force Oceana to sell, it would appear to future would be outside investors that the Philippines is to be avoided like the plague. In sum, I still think it over 50% likely for the FTAA. IMO