PNG now on hold...

[mpedersen]

Hey, I felt I needed to pop over and share this disappointing news. Yes, I'm going to post a link to the article I wrote up @ ReefBuilders - http://reefbuilders.com/2011/01/05/ecoe ... ding-loss/

The jist - SEASMART never got its Q4 funding from the PNG government, and had to shut down operations. No timelines laid out beyond what's in the press release at the article above.

Very sad news personally, but also generally.

FWIW,

Matt

 

[Anonymous]

I was just reading a similar article on another site.

Hopefully things are able to move forward again soon..

 

[vaporize]

any updates to the PNG situation?

 

[Anonymous]

News I got very shortly after posting above is that it was expected to be resolved before long.

I would not expect that it has quite yet though.

 

[Anonymous]

News I got very shortly after posting above is that it was expected to be resolved before long.

I would not expect that it has quite yet though.

I was told the outcome last week. I did not hear it from the horses mouth and as such I won't post it here until I get confirmation.