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IAU, INTREPID MINES LIMITED
blacksheep
post Posted: Aug 9 2017, 11:47 PM
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Who would be silly enough to invest in this if it did???
Indonesian mine 'stolen' from Intrepid could return to the ASX

QUOTE
The world-class Tujuh Bukit copper-gold mine in Indonesia, famously "stolen" from Australia's Intrepid Mines in 2012, is likely to return to the ASX under new ownership.

Merdeka Copper Gold chief executive Colin Moorhead said the company, which has spent the past 18 months bringing the project into production, would be interested in a secondary listing, mostly likely in Australia, when it moved to fund a second phase of the project within the next few years.

Intrepid famously lost its 80 per cent stake in Tujuh Bukit in July 2012 when its Indonesian partner suddenly seized control of the site and transferred ownership of the project to other parties.


Read more: http://www.afr.com/business/mining/indones...u#ixzz4pGXX9NO1




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
melua
post Posted: Aug 19 2013, 06:33 PM
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In Reply To: melua's post @ Jun 21 2013, 07:07 PM

The Australian reported that Intrepid is in the data room of Finders Resources. Another project in Indo!! lmaosmiley.gif This Board will never learn....... IMO.

 
melua
post Posted: Jun 21 2013, 07:07 PM
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In Reply To: doji-star's post @ May 29 2013, 03:27 PM

No surprise the stock is back down to 20c after the shareholders voted to keep the current board. IMO this will now fall below cash backing as the board have stated they have a war chest of cash that they are prepared to use to get back their rights to Tujut Bukit. Waste of time and money IMO. It ain't coming back, especially after the vote.

 
doji-star
post Posted: May 29 2013, 03:27 PM
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IAU up 14%, no news out that I can see.

 
doji-star
post Posted: May 15 2013, 09:35 AM
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In Reply To: melua's post @ May 14 2013, 07:58 PM

I'm finding it hard to see how Intrepid shareholders would benefit though as if Quantum Pacific installs a new board, isn't Intrepid reasonably likely to end up with say, a 20% interest (I'm just pulling this figure out as it's hard to know what will hppen), in the title rather than an 80% interest. Although admittedly the original 80% interest is probably too ambituous now in the light of what could be a prolonged legal battle.
How might a new board, one put in by Quantum Pacific, be a help to Intrepid shareholders? Just asking, as the whole thing seems a mess.

 
melua
post Posted: May 14 2013, 07:58 PM
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In Reply To: doji-star's post @ May 8 2013, 03:04 PM

Paloh was supposedly going to fix the mess within 3-6 months. This board have got to go IMO.

 


doji-star
post Posted: May 8 2013, 03:04 PM
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What a mess this stock has been. And it's hard to be confident about any favourable resolution despite getting Surya Paloh on board with some free shares.
But, the stock does look like it's trying to make bottom, and up another 10% or so today.
You'd have to be brave. smile.gif


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melua
post Posted: Apr 24 2013, 09:59 AM
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In Reply To: melua's post @ Mar 2 2013, 08:30 AM

At long last there is a resolution to be put to shareholders to remove the directors.

 
melua
post Posted: Mar 2 2013, 08:30 AM
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In Reply To: melua's post @ Feb 10 2013, 06:50 AM

"Results of separate police inquiries into allegations, first of fraud and embezzlement, then of theft of Intrepid's intellectual and physical property, are due next week."

Silence.
This is headed for the teens IMO.

 
melua
post Posted: Feb 10 2013, 06:50 AM
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In Reply To: melua's post @ Feb 9 2013, 06:21 PM

"But make no mistake, this company is sitting on a pool of $100 million in cash and is prepared to invest all of that in the protection of its rights."

That is precisely why the stock is over-valued at 20c. The company is prepared to throw good money after bad to the tune of $100M. If they burn that cash, IAU will be left with nothing. Current cash backing is approximately 18c per share.
I hope for shareholders' sakes Quantum succeed in removing the current Intrepid Board.

 
 


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