I thought KNSI were a group of Kolosori landowners, they are...

First 91 Last

Share
Profile

Follow
AlCp

3,836 Posts.

218

05/03/19

16:27

Post #: 37660113
Share

Originally posted by yakka1980 ↑

Originally posted by AlCp
Not from what I've gathered, they ended up getting a better deal, from memory KNSI was formed by these landowners and they get more than 20% offered by AVQ.....actually there was noise around some of the landowners a few years ago indicating they weren't too happy with the money that AVQ had raised and them getting a pittance of that, hence the substantiated letter of demand that was sent by AVQ to them for $500K.
It really sounds like they are getting the great deal doesnt it!

"One of the angry workers told Island Sun in Tingoa on Sunday that they are now going into the third fortnight this week.“Most of us are in need of money after we have not received our salaries in the last two fortnights to feed our families.“We are running out of patience now because we need money to repay our borrowings from shops and betel-nuts stalls,” he said.Another worker said his last option is to halt the operation on his land until the company pays their outstanding salaries.“I heard the non-payment of salaries was blamed on the oil spills in Kangava Bay.“I think the incident has nothing to do with our salaries because the company should have a separate budget to continue pay workers’ salaries,” he said.Another worker said the company informed them yesterday that their outstanding salaries will be paid this week.
"

They probably promised the world and in reality are now not paying them at all.

Expand

I thought KNSI were a group of Kolosori landowners, they are independent of Bintan, if another company comes on board and support them, they will choose them.....?

AVQ Price at posting: 8.1¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

OCN

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

Chaos reigns markets – so let's take stock of where we're at ahead of December

SHN

Chimeric clocks $4.17M R&D tax rebate from Canberra

MTM

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

PME

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 140 more messages in this thread...

First 91 Last

Add AVQ (ASX) to my watchlist

I thought KNSI were a group of Kolosori landowners, they are...

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

Chaos reigns markets – so let's take stock of where we're at ahead of December

Chimeric clocks $4.17M R&D tax rebate from Canberra

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up