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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.

 
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Response TitleAuthorDate
 Re: Entire PNG local land owners deserve 20% equity?em naoMar 7, 2012, 1:04 PM
  MPs must stand for the People Jun 6, 2012, 11:20 AM
   Re: MPs must stand for the Peopleright or wrong????????Jun 6, 2012, 11:50 AM