Sorry dont know how i missed it was right under my nose. It does look good for them getting some more funds back.
Coal Investment In the 2005 Annual Report, an update on this project was provided. At January 31st 2006, the National Power Corporation (NPC) in the Philippines is still withholding revenue payment to Lion’s Indonesian partner and will not release the funds until a new security bond is lodged with NPC. Lion is proceeding with completing revised documentation (agreements) with its Indonesian partner that will include a repayment schedule. Lion will continue to pursue repayment of the loans, including interest.
LIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
