RE:RE:RE:RE:RE:Further thoughtsI like your sentiment on this but I think that the practicalities of borrowing for PNG. Banks are pretty conservative so you wouldn't find a Canadian bank doing this but perhaps an Australian bank would step up to the plate.
When I bought into HWO I felt that the PNG business would return to being a free cash flow generator and that it could be a significant player of infrastructure development of Papia New Guinea and this was not limited to drilling operations.
I think that the PNG business will take some capital and would be fine for them to allocate between $10 million to $20 million to grow this business. What I would like to see is them separate HWO into two separate public companies and if they require capital beyond the $10 to $15 million then they could raise this separately and at a much higher valuation than what the market currently ascribes to the PNG business (close to $0).
I am hopeful for better days yet.
LR