Ann: Share Placement to Advance Kupang Smelting Hub Facility, page-42

Fundamentally I believe not much has changed from the project's point of view. Movement in share price was purely a product of the market's reaction to Pak's initial proposal, not on the project itself. Our only hope is that the project is a real deal, and that it's not as far off from the valuation implied in Pak's initial proposal. If so, the share price will eventually pick itself up.

My only problem's with GMC is management's capability in operating in a 3rd world environment, as evidenced by how/whether they've conducted a proper due diligence on the initial proposal. It could very well be out of their control (i.e all procedures were ticked off and it was purely the result of Pak's bad faith) but it could also be due to them being too naive in dealing with a 3rd world market, which makes me worry even more because no matter how disastrous this whole Pak debacle has turned out, it'll sadly not be the end when the company will continue to operate within a 3rd world region.