Wow! I guess you have been losing alot of sleep lately, eh?
Well, check out today's FP for hints on what is really happening to SHF.
In particular, read on page 5 of the FP:
From article entitled: "Indonesia mulls mining tithe"
'It really puts us and anybody like us right in the corner, because it's going to be even harder to raise money,' said the director of a company listed on the VSE. "After the Bre-X thing, Indonesia's not exactly the flavor of the month. So it's difficult enough already.'
Reading on.....
"But if you're working in hazy rules in Indonesia, no one's going to want to invest in the country. The bottom line is, if we persist in Indonesia, who's going to want to put any money into us?"
Reading on......
"The Canadian mining executive, who asked that his name not be used for fear of reprisals, said the proposed changes have scared off a major producer on the verge of investing in one of HIS firm's Indonesian projects. Right after this bombshell, one company in particular, which was very interested in making a deal, said they couldn't do it until things become clearer," he said.
"It means we're hung out to dry. We'll have to use up the rest of our resources and hopefully find something - which may not be attractive to anyone anyway."
Later on in the article, the reporter mentions the name of Cam DeLong.
Hmm. |
