Doesnt the above situation mirror to our Australia here as well where a MP under Turnbull government embroiled with a corruption scandal and we accused Turnbull himself as a corrupted official? The deed could be done for a personal gain.
You know the project is in Indonesia from the beginning and if you have so much concerns on sovereign risks in Indonesia, then why you invested in GMC? There are other manganese players than GMC. Beside, no matter where you invest in any country sovereign risks exist whether you like it or not. Sometimes I questioned myself whether you are actually a shareholder or just vent up on here?
Anyway......
PAK is gone and we do not need to sulk his thumb anymore. Lets move on.
Again like I said before, if GMC has genuine vision and mission statements in this Kupang project, GMC can escalate a matter to a higher up to be listened. On the last visit to Sydney, Jokowi has made it loud and clear that He would like to have partnership arrangements with foreign investors to build Indonesia welfare.
We are all in the same boat and be more positive. We would like to see this project run successfully and I believe we will be rewarded on a later date.
Now lets sit tight and wait for CR news.
GMC Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held