ido and lrs, page-2

Hi phho0698,

Not so long ago it was all smiles and happiness on this thread, then a number of things happened in quick succession which have spelt doom for IDO.

This included a downgrade of the resource/ reserve, the Indonesians planning to stop exports of raw materials from 2014 and, more recently, moves to ensure that no foreign company can own more than 49% of an Indonesian asset.

I've spent a fair bit of time up in Indonesia and know it can be pretty difficult but, unless you have an exceptional deposit, it's becoming increasingly uneconomic. I tried warning posters on this thread, but apparently I'm just a 'downramper'?

Unfortunately the current SP shows who knew what they were talking about....

DYOR