12-03-2012, 11:36 PM
Justin - It is only speculation that the 1st train will have no PNG involvement, maybe wishful thinking. If there is anything fundamental about the 50% buy-in at market price it is PNG's interest to drive that price down. At the simple 22.5% ownership on the other hand it was in PNG's interest to drive the price up.
I too am in for the long haul, and while at my risk tolerance level may add a little if there is in fact a short raid. One thing has become very clear and that is there are a whole lot of issues being dealt with by a people who are in the midst of a major cultural revolution and whose bureaucracy is generally ill equipped to handle all of the challenges. Personally, I believe Mulacek and his team have done a remarkable job.
I too am in for the long haul, and while at my risk tolerance level may add a little if there is in fact a short raid. One thing has become very clear and that is there are a whole lot of issues being dealt with by a people who are in the midst of a major cultural revolution and whose bureaucracy is generally ill equipped to handle all of the challenges. Personally, I believe Mulacek and his team have done a remarkable job.