Annual Report 26-10-2018, page-5

Quick update: "Indochine" have been granted the right to commence an appeal in the Supreme Court of PNG to overturn the the decision made against them in the National court of PNG and which found that the both PNG Mining Minister and the Mineral resources Authority had acted correctly in not recommending the renewal of their licence. The appeal in the Supreme Court will start at end February. Who knows how long the appeal will go on for as IDC will fight tooth and nail and of course the other parties in the case (including the new licence applicants who were against IDC in the National Court decision) will do exactly the same. My view - keep investing in PNG but make wise choices - the real issues lie squarely with the management and major shareholders of IDC.