Re: Entire PNG local land owners deserve 20% equity?March 6 2012 at 6:08 PM
|Meri Wau |
Response to Re: Entire PNG local land owners deserve 20% equity?
It is up to the MP's from the different resource groups to broker the same deal that Sam Basil has done for his own people but do not be so sure that it represents a large amount of money as no-one has mentioned how much the 20% equity actually pays in to Gov't coffers every year.
As the other 80% is held by R and H it is now a matter of the people of Bulolo electorate being in bed with R and H as opposed to the Gov't.
It will be interesting to see who Sam Basil puts on to the board of PNGFP.
20% of PNG Power,for example,would be 20% of zero as it makes a loss.
If anyone knows how much this represents in monetary terms we can then get excited about what we will see from the dividends.