someone is bailing this morning, page-10

If we are to believe utterances by PLN people who know what's going on at least a month ago, there are 15 PPA's to be issued shortly but no clues as to which.

From the recent Geothermal conference it should be apparent just how many PPA's are in the inaminute, imminent stage so can get some idea of the odds of how likely a Panax project is in the 15. If anyone knows then please advise.

On a practical scale the Dairi Prima project is one of the most likely although the mine is not in dire need yet and alternatives will probably be in place ad hoc before Panax supply is completely commissioned.

On another practical note, the Deer Valley scheme does put a lot of cheap stock out there to be accumulated by those who should know better than the average punters.

It is clear the price is still being played with, it has nothing to do with value and everything to do with perception of risk and volume changing hands. imho when enough volume has changed hands the price will reflect the likelihood of the scope of imminent inaminute activity and subsequent finance interest in that activity, whether it is one,two or three projects that can start is another issue with another complete set of factors involved.

Are you getting used to investing in Indonesia yet ??