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Re: ____ Natives Get Restless in PNG ____     30-May-09 09:55 am    
There's also an article in The Australian:

"Papua New Guinea Vow To Burn All Asian Shops"

Apparently there is an email by Cardo Stanza circulating calling for native PNG people to burn down all Asian shops and to drive all Asians out of PNG by year-end.

This suggests the violence will escalate.

Obviously, this is bullish for IOC.

IOC's relationship with the corrupt Somare regime is bullish as opposition to the government grows, unemployment is estimated at up to 80%, and a madman calls for the extermination of Asians and the overthrow of the PNG government.

China and Malaysia are encouraged to invest in PNG, as are Japan and Singapore and Korea.

Other potential foreign investors anticipate a warm reception in PNG.

Skilled foreign workers desire to relocate to PNG.

Exxon may or may be not be able to defend its turf in these circumstances as in other unstable areas but IOC has no prior experience operating in a nation wracked by murderous xenophobic mobs intent on expelling or exterminating Asians in PNG.

That's also bullish for IOC. A new broom sweeps clean, beginner's luck, no prior defeats, fresh start, etc.

To quote Al Pacino as Tony Montana in Scarface, "It's roses."


Sentiment : Strong Sell
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hsirota

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Re: ____ Natives Get Restless in PNG ____
hsirota 30-May-09 09:55 am  
 
hopefully they Molotov cocktails to burn...
pummelpumpe... 30-May-09 02:38 pm  
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Interoil Corp. (IOC)

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