The pro BOC posters are incredibly delusional
Their argument all along has been the ABG/PNG government would not let BCL fail due to their relative shareholding
Well Momis has just come out and say that he implemented the moratorium to stop BCL, and it's been confirmed their EL application is rejected
The ABG/PNG did nothing to save them, as they understand the resource is owned by the LO's and that's the end of it
The ABG/PNG are likely now looking at BOC's $50M cash balance as part retribution. I expect to see a capital return and the company wound up
The pro BOC posters are incredibly delusional Their argument all...
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