Mungkin ini yang terjadi kalau dunia eksplorasi/industri/investasi sudah terkontaminasi oleh intrik politik...
Mudah2an masalahnya segera beres... Kasihan Indonesia kalo sudah ada statement seperti ini “Someone said to me today the good news is we have a gigantic copper-gold asset in Indonesia and the bad news is we’ve got a gigantic copper-gold asset and it’s in Indonesia.” Regards, Adie IAGI-3602 Powered by Telkomsel BlackBerry® -----Original Message----- From: Bosta Pratama <[email protected]> Sender: [email protected] Date: Wed, 8 Aug 2012 16:03:29 To: <[email protected]> Reply-To: [email protected] Subject: [economicgeology] Fwd: Intrepid’s white knight the key to Tujuh Bukit ---------- Forwarded message ---------- Date: Wed, Aug 8, 2012 at 3:57 PM Subject: Intrepid’s white knight the key to Tujuh Bukit Heran…JV partnernya masih sembunyi…ga bisa dihubungi….:-), kayaknya Cuma satu-satunya di dunia ini yang kayak gini…**** ** ** ** ** *Intrepid’s white knight the key to Tujuh Bukit *Wednesday, 8 August 2012 Lauren Barrett**** *WHILE Intrepid Mines chief executive Brad Gordon admits the company has still not made contact with its Indonesian joint venture partners since its flagship Tujuh Bukit project was shut down last month, he is confident the company’s new shareholder will help to resolve the issue.* From a company that was the second best performing stock on the Australian Securities Exchange in 2010, to one which saw its share price drop to a low of A19c about two weeks ago, it’s hard to deny that Intrepid is experiencing some tough times. After pouring nearly $US100 million ($A94 million) into exploration at its Tujuh Bukit JV project in Indonesia, it was a complete surprise when Intrepid learned last month that work at the project had been completely shut down by its JV partner PT Indo Multi Niaga. The shutdown happened soon after Intrepid learned that new shareholders had joined the register of PT IMN and now had an 80% stake of the expanded issued capital in the Indonesian company. Speaking openly about the situation to delegates at the Diggers and Dealers conference in Kalgoorlie yesterday, Gordon admitted the company had still not been able to touch base with its JV partner. “We still haven’t been able to contact either the original partners or the new partners,” he said. “It’s still difficult to understand why the shutdown occurred.” The shutdown happened a day before Ramadan, forcing more than 400 employees off the site and also stopping the company from going to the site. It was evident the whole saga had been difficult to grasp, but the company was feeling optimistic. “This is the largest exploration project in Indonesia,” Gordon said. “Someone said to me today the good news is we have a gigantic copper-gold asset in Indonesia and the bad news is we’ve got a gigantic copper-gold asset and it’s in Indonesia.” Under an economic alliance agreement, Intrepid holds an 80% economic interest in the project, while PT IMN holds the remaining 20%. The company however has been attempting to obtain a direct equity ownership stake in the project, but negotiations with the JV partners had slowed down in the last six months and now have completely come to a halt since the shutdown. While a lot of questions remain over the dispute and more specifically when a resolution to matters will be reached, Gordon said the company’s saviour would be its new major shareholder Surya Paloh. The company recently dished out 5% of its shares to Paloh, a prominent Indonesian businessman and media tycoon. Speculation is rife Paloh may even run for Indonesian president in 2014. “The strategy going forward is really that we would like things to return to normality before anything else happens and normality for us is getting back on site and getting the drill rigs turning again,” Gordon said. “Paloh stands to lose a lot if he is not successful in resolving this issue … and therefore I’m confident he will resolve this.” Labelling Paloh Intrepid’s “white knight”, Gordon said Paloh’s next move would be to contact stakeholders in an attempt to resume exploration at the project as soon as possible. If this fails, the company has initiated an arbitration process, which could take two to three years before any successful resolution is made. “It’s [arbitration] really the last resort,” Gordon said. “We would much prefer to negotiate with these new shareholders of IMM and that’s certainly what we hope to achieve now that Surya Paloh has come on board as a significant Intrepid investor.” In the longer term, Gordon said the direct equity process was still something the company wanted to achieve.**** ** ** -- Bosta Pratama
