08-10-2012, 02:16 AM
Ahh the wild ride on the bucking bronco of junior miners haha. Tree-san, I hope my theory of a connection between IOC & NUS holds true. Nautilus got "Duma'd" in a different way, but bottom line is PNG has no $$$ to buy into their end of the agreement. As a way out, they accused NUS of breaching the agreement (shades of IOC similarities?!?) and forced arbitration. Bottom line however, is they need the dough from selling off their E/A portion for a lot of PNG needs, including getting in on this new mining opportunity. Just like IOC, NUS will provide a huge source of future revenues to them... if only they find a way to move the deal forward.
Good thing IOC broke me in on PNG politics, else I might have been tempted to cut 'n run. Instead, the drop to sub-$1 was a great long-term buying opportunity. IOC is a tough act to follow, but NUS is gonna be my swan song.
Aloha from Maui.
Good thing IOC broke me in on PNG politics, else I might have been tempted to cut 'n run. Instead, the drop to sub-$1 was a great long-term buying opportunity. IOC is a tough act to follow, but NUS is gonna be my swan song.
Aloha from Maui.