Madison Enterprise, MNP/VSE Message Board

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Gold/Mining/Energy : Madison Enterprise, MNP/VSE

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To: Bob Lawson who wrote (72)	6/26/1997 11:49:00 AM
From: Bazman	of 285

Carpenter was also HALTED on the ASX today. This was in regard to an article in the press relating to a letter sent to CPC by the PNG Mines Minister stating that the licence would not be renewed if they didn't agree to a 30% interest to a local company. However, letters from CPC Director together with a letter from Matu's legal beavers were sent to the ASX in reply to the press article. Seems the wash up is that Matu has negotiated with the relevant parties and they have agreed to the original 10% free carried being left in the trust of Matu. No documentaion to effect the latest arrangements have been signed but it would appear that this is only a formality. For full copies of the reports try hotcopper.com.au. CPC traded as low as 21c today. Bazman (WA)

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