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  • edsilverstreak edsilverstreak Nov 1, 2012 7:32 AM Flag

    Connecting some dots?

    Good post. thanks.
    PS Remember that according to the IOC/govm't proposal, the PNG govm't would pay market price[whatever that turns out to be]. Also, Phil had stated that the bidding process had bids that were multiples of pps valuation. If not, how can he possibly explain his statement away to investors?

    Sentiment: Strong Buy

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    • Yes, I agree completely, Ed; thanks for repeating those details. That is why I consider this to be a win for IOC. Again, I only wish the market agreed with us. In fact I feel even more comfortable with the belief that the government might not be able to afford 50% of E/A. I guess most will be cleared up when the deal is actually finalized.

40.59-1.02(-2.45%)3:13 PMEDT