be careful as there is still some confusion around Geopacific's...

be careful as there is still some confusion around Geopacific's interest and whether it has 40% or 50%. If you think I am joking - do your own homework. the clue is in Kula's announcement from 22 MArch (I take time to read both). I believe Kula was suspended because they could not agree which interest was correct. Read that announcement carefully. I also agree with T-stone in that Kula has already spent $150m and Geopacific $10m and has just raised another $10m. We are sitting on 1.5m ounces - think how much more Geopacific will need to raise to get to 5m ounces (target)? It took me a while but I now believe that the only way to get exposure to Woodlark is via Kula which is funded all the way to production (yes, the interest will reduce but the value will increase without the dilution). the added bonus is no dilution because of Cambodia or Fiji - I have no view on those but Geopacific has already spent a lot of money on both and saw its share price fall from 10 cents.