Trading Bougainville Copper (ADRs) 867948
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030513
MOMIS APPEALS FORREDEMPTION
By Aloysius Laukai
ABG President, DR. MOMIS yesterday
challenged the governments of Australia and PNG and the people of Bougainville
and PNG to reconcile with each other so that would set the stage for the
renegotiation of the Bougainville Copper Agreement to commence as soon as
possible. He made these remarks at the Opening of the
Joint Coordination Committee"s second meeting in Buka. He said that the committee was tasked to
prepare work on the review of the Bougainville
Copper Agreement . DR. MOMIS said that all stakeholders need
to redeem themselves before the actual negotiations begin. He said this would pave the way for transparent and honest views to come out from
the renegotiation process. DR. MOMIS said that he fully supported the
work of this committee but wants the actual negotiation to begin this year.
THE Joint Panguna Negotiations Committee which is responsible for preparing all parties for the review and renegotiation of the Bougainville Copper Agreement (BCA) held its second meeting in Buka last week. This committee is made up of representatives from the National Government, Bougainville Copper Limited, Autonomous Bougainville Government and the Panguna landowners.
Before officially opening the meeting last Thursday, ABG President Chief Fr John Momis urged all the stakeholders involved to come up with decisions beneficial to all parties. Mr Momis said the reopening of the mine was very critical for Bougainville’s future and called for an amicable solution to be reached by the committee.
“We all know the reopening of the Panguna mine is critical for Bougainville’s planning, development and establishment of a new Bougainville in accordance with important principles that uphold the dignity of a human person, rule of law, democratisation and human participation in process of development and governance,” Mr Momis said.
“Bougainville of course has suffered immensely as a result of the Bougainville crisis. (But) This is not the time to blame one another. It is an important moment in the history of Bougainville, PNG and Australia, Australasia for us to redeem ourselves.
“All of us need to redeem ourselves because we have a lot of people suffering as a consequence of the roles played by different stakeholders in the creation (and) in the development of the Bougainville crisis. Bougainvilleans themselves are not free of this blame. So as I said, it is an important moment in the history of Bougainville for us to collaborate and work together, put the past behind us and work with hope, faith, belief in the ability of mankind to address problems, especially the prevailing culture of inward looking and certain amount of exclusiveness that people have,” added Fr Momis.
Fr Momis also announced that the ABG was committed in ensuring that the reopening of the Panguna mine would be in-line with the new ABG mining law, which the President said “will take care of interests of all parties”.
Fr Momis when challenging the committee to collaboratively work together said the “ABG is keen to see these preparations proceed quickly in a way that involves all parties, National Government, Bougainville Copper Limited, landowners and of course ABG”.
“The cooperation amongst us is essential especially as you plan and as we conduct environmental and social baseline studies, social impact and the other important work that has to be done prior to negotiations being started. If we prepare well for the negotiations, and the preparations must start now, and I guess it has already started, then the negotiations will definitely take off on the right footing.”
The President added that he would like to see these negotiations starting to take place sometimes towards the end of this year so that people would psychologically feel that things were moving and that they were truly on the road to liberation and pathway to achieving their aspirations.
The National Government team was led by the Secretary of the Department of Mineral Policy and GeoHazards Management Shadrach Himata while BCL Country Manager Paul Coleman and some of his officers also attended the meeting.
Man könnte zudem bei einem Short squeeze abgefunden werden.
Jeder entscheidet selber.
Ich bin froh alle meine Stücke eingetragen zu haben.
Das Einzige was bei Clearstream "liegt" ist die Abwicklung.
Frag doch einfach wer der AU Nominee deiner Bank ist, denn dort sind deine Böcke. ;-)))
bin bei der DKB, habe von denen schon mehrfach eine Absage bzgl. Registrierung erhalten.
@nekro
hilft eine Eintragung gegen short squeeze? ich glaube wenn sowas passieren sollte, dann isses auch egal, ob eingetragen oder nicht....
Updated 7 May 2013, 16:28 AEST
Papua New Guinea's island of Bougainville is due to hold a referendum on independence some time between 2015 and 2020.
Former President in-depth on Bougainville's future (Credit: ABC)
The referendum is one of the key provisions of the 12-year-old Peace Agreement which brought an end to a decade-long civil war.
The conflict left more than 10,000 people dead, destroyed much of Bougainville's infrastructure and closed schools, hospitals and the Rio Tinto-owned Panguna copper mine.
Former Bougainville President, James Tanis, fought with the separatist Bougainville Revolutionary Army and played a key role in the peace process.
He explained to Jemima Garrett why he is still in favour of independence.
Presenter: Jemima Garrett
Speaker: Former Bougainville President, James Tanis
TANIS: I believe in independence because independence is not something that started with the Bougainville conflict. It has a long history, Our forefathers struggled for Bougainville Independence as early as the 1960s. We are different. We are ethnically part of the Solomon Islands but I am not a racist but independence is always something that our society believed we can express ourselves in the form of a modern state.
GARRETT: Why will it be better than what you have got now?
TANIS: I still believe independence will be even better than autonomy because then we have control over everything.
GARRETT: How would you like to see the process towards independence unfold?
TANIS: As a believer in independence I also worry about the process and I think the process should continue to move. Different parties under the Peace Agreement have different obligations. We have Bougainville obligations on reconciliation, weapons disposal and unity on Bougainville and the national government has obligations to make sure Bougainville, there is a draw down of powers and functions as agreed under the peace agreement so I believe in a process where it should be moving. Different parties keep their commitments made under the Peace Agreement and the process must be transparent. People must be informed as to what is happening and if there is a certain obstacle they should know what that is, so that everybody should be empowered ready to resolve whatever the problem is. In fact, that is the way we managed the early part of the peace agreement. The early part of the Peace Agreement involved a lot of awareness raising a lot of consensus, a lot of consultations between different groups. Let me say this. At the start of the peace process we had more factions that what we have now but at least the peace process was moving very fast, much faster than what I see now.
GARRETT: What role does the re-opening of the Panguna copper mine have in independence?
TANIS: The opening of the Panguna copper mine is an important part in enabling Bougainville to meet one of its conditions of the Peace Agreement before the conduct of the referendum. That is on meeting financial self-reliance to demonstrate that Bougainville can survive as a nation. But on the other hand I hold the personal view also, that independence and Panguna mine should not be mixed. That the political process should follow its own path and the process in Panguna should follow its own path. If you look back into the roots of the Bougainville conflict I see 2 agendas; the first agenda is the Panguna mine, the second agenda, the independence agenda. And I always held the view that in terms of resolving the Bougainville conflict the political agenda has a peace agreement and it sets up a time frame and a road map on the process to independence and the second agenda is Panguna and I think we should do a little bit much more work to resolve the issue.
GARRETT: What other options are there in Bougainville for economic self-reliance other than the Panguna copper mine?
TANIS: We have plantations. If we take for example, where Bougainville was before the conflict. We have to start where we were, meaning we had plantations, smaller holder cocoa gardens and Bougainville is a small island. I think we have enough money. Even without opening Panguna we can start at an advantage position because we are a small island, we have a lot of money. My observation in the last few years has been that there is a lot of money going in and out of Bougainville, with scrap metal, with alluvial mining, with trade stories and even with vehicles, and the administration is not collecting taxes. So even without the mine there is a lot already but the question of the Panguna mine is a question that is unavoidable. Bougainville must resolve it and we must decide on the future of the Panguna mine.
GARRETT: Could Bougainville get independence without the Panguna mine re-opening?
TANIS: That is what I am saying. Bougainville independence should not be conditioned on the opening of the Panguna mine but at the same time the trick is this: the opening of the Panguna mine will obviously contribute to the economic self-reliance of Bougainville that will be very important to the future independent state of Bougainville, if Bougainville choses to be independent.
GARRETT: Bougainville Copper says the re-opening of the mine will take six years. How can you keep those 2 processes, the process towards independence and the process towards re-opening the mine separate, if they are going to be taking place at the same time?
TANIS: If I may turn this the other way around and tell you this. The question of Panguna mine will not go away, whether Bougainville becomes independent or Bougainville choses to remain part of PNG. Panguna mine is a decision that must be made regardless of which ever way the vote goes. So we have to be careful on how we put relationships on the political future of Bougainville and how we condition it to Panguna.The two processes are important; Panguna mine issue must be resolved and independence issue must be resolved.
GARRETT: You are in favour of re-opening the Panguna mine why?
TANIS: I am in favour of opening Panguna mine and I come from a guerrilla army that fought against the Panguna mine but I have come to notice that there is already mining on Bougainville. While the Panguna mine is shut there are other mining activities happening on Bougainville. Panguna mine was opened in the early days when Bougainvilleans did not know much about the value of the yellow stone and all they knew in those days was cocoa and there was not much alluvial mining. After the conflict people now know the value of the stone under the ground. So I see even small activities, panning along the tailings and even small interests groups doing bits and pieces here and there on Bougainville. It has made me realise that mining is an industry that will be an important part of the Bougainville economy so yes, I am in favour of re-opening Panguna but again I come to the question of the process, the process must be transparent, the process must take its time and all the stakeholders must be consulted and the people must be given a chance to debate it properly instead of rushing it because if we rush it we might risk problems along the way.
Auch damals wurden mehr Aktien geshortet, als am Markt verfügbar waren.
Einige schlaue Hedgefondsleute werden gegen das "Stupid Money der Deutschen" in Bougainville Aktien gewettet haben und warten auf ihre Chance zum sell out und zum eindecken.
Passiert das nicht, gibts eine deftige Gegenbewegung.
Vor allem bei einer Wiedereröffnung oder bei einer entsprechenden Untersuchung durch die Börsenaufsicht. Die Untersuchung läuft scheinbar, denn sonst macht eine zweite Umfrage wenig Sinn.
Passiert das nicht, gibts eine deftige Gegenbewegung.
Vor allem bei einer Wiedereröffnung oder bei einer entsprechenden Untersuchung durch die Börsenaufsicht. Die Untersuchung läuft scheinbar, denn sonst macht eine zweite Umfrage wenig Sinn.
Da stimme ich dir zu 100 % zu.Besonders wo einige Banken in Europa glauben ihrer Auskunftspflicht nicht nachkommen zu müssen...
Bei des US-Banken bin ich mir nicht so sicher, ob die überhaupt im Stande sind Aussagen treffen zu können... mit dem ADR-Programm haben diese sicher Probleme...
besonders wo die Frage nur nach echten Böcken läuft...
Gleichzeitig CC beauftragt, meine Aktien zur Eintragung ins Aktionärsbuch nach Australien zu transferieren.
Werde wieder berichten.
Der BW Bank habe ich gleichzeitig einen Hinweis auf die von mir genannten Urteile des Bundesgerichtshofes gemacht wegen des Entgeltes.
- "Woher ist die Info bzgl Abfindung? Bei VW wurde ja auch nicht abgefunden !"
Auf diese Info wirst Du wohl noch ein Weilchen warten müssen; denn da ist jemand noch auf der Suche nach der Quelle – genau wie nach der aus #15799. Beides scheint sich nicht so einfach zu gestalten …
Andererseits: Der Eine oder Andere bastelt sich ja ganz gerne mal seinen eigenen kleinen Maya-Kalender … mit 'nem - nicht so ganz leicht begründbaren - Untergangstag hier und da ...
by ramunickel
ABC Radio Australia
As moves to begin negotiations over re-opening the Rio Tinto owned Bougainville copper mine pick up pace Papua New Guinea is beginning to look ahead at what that could mean.
The mine was closed more than 20 years ago after landowner unhappiness with its management unravelled into a bloody civil war.
The Bougainville Peace Agreement brought the conflict to an end and made provision for a referendum on independence sometime between 2015 and 2020.
In PNG political debate among young people is alive and well.
Jemima Garrett caught up with some students at the University of Papua New Guinea to find out how they feel about Bougainville's future.
Presenter: Jemima Garrett
Speakers: Nou Vada, Law student and Vice President of the UPNG Student Representative Council.
Sarah Griffin, Chemistry and Environmental Science student, UPNG
Claire Asi, Political Science and Public Policy Management student, UPNG
GARRETT: The Bougainville crisis left deep scars on those involved. It is the Pacific's only major war since PNG independence and it reduced what had been its most developed province into a living nightmare.
More than 10,000 people died.
The war divided the community and the nation and brought down the government of Prime Minister Sir Julius Chan, after he hired mercenaries to put down the rebellion.
Bougainville became a lesson in how not to manage a world scale mining project.
Nou Vada, Vice President of the University of PNG Student Representative Council was a small boy when these events took place.
VADA: For us as young people, we are all barely out of our teens, and for us the Bougainville crisis seems a very distant idea.
GARRETT: Distant but not forgotten.
VADA: We know about it through songs and through essays that we have read. We really were not impacted by the crisis when it happened, not in the way our parents were because they lived through the crisis. We have to remind ourselves as people who will one day dictate what happens to this country, economically, socially, in government or in private sector, that the Bougainville crisis represents something that needs to be avoided at all costs.
GARRETT: At the time it closed the Bougainville copper mine was the PNG government's biggest single source of government revenue.
Chemistry student, Sarah Griffin, is aware of the complexity of a decision to re-open the mine and believes it should lie with Bougainvilleans.
GRIFFIN: . As an environmental scientist, from that point of view it would be destructive but given the grounds that they do have to maintain themselves I wouldn't have a say in that it would be a lot more personal.
GARRETT: The Panguna copper mine is seen by many Bougainvilleans as the economic lifeline that will give them the opportunity to win independence.
Nou Vada can see the challenges that lie ahead.
VADA: If PNG is serious about giving the independence then we have to make sure that Bougainville, when it does get its independence, that it can sustain the independence because a failed state will mean a bad thing for everyone. At the same time, we cannot hold them against their will. If the people of Bougainville feel they have to be their own state, then I think Papua New Guinea is obliged to, must be obliged to let them go about their own political self-determination but again premature allowance of this has its own risks as well. A failed state, the onus, the responsibility of going back and fixing any failed state, if there is a failed state, and God forbid such an event should happen, would go back to PNG and that is our concern, my concern.
GARRETT: Political Science student, Clair Asi, agrees Bougainville is a sensitive subject, with implications for the whole nation.
ASI: We have a history together as one country so whether we experience the Bougainville crisis or not, they are a part of us and I believe that that is important in itself
GARRETT: Would it worry you if Bougainville did vote for independence?
ASI: I think the worry would be that it would create an avenue for other provinces to want to get their succession and independence as well.
GARRETT: As a result of the Bougainville Peace agreement the PNG government is already handing over many powers to the Autonomous Government of Bougainville.
GARRETT: As a result of the Bougainville Peace agreement the PNG government is already handing over many powers to the Autonomous Government of Bougainville.
President John Momis is keen to give more say to landowners and has announced his new mining legislation will allow them to veto mineral exploration on their land.
Law student, Nou Vada, supports devolution but worries about the capacity of the Bougainville government to implement its plans.
VADA: You can have policies that are outlined so gracefully and legislation so detailed. How do you implement them? How do you get the human co-ordinators on the ground to organise where each village has its own language, each village has its own customary land tenure systems, its own political hieratical systems? How do you get all of them to agree on a mode where this option can be used? Often, as is the case in PNG, we have legislation, perfect example being the Environment Act, legislation that would seem to support national interests, seem to support landowner interests but in reality when it is enforced, landowners often have very little say in what happens. That is not just a problem for political scientists and lawyers. It is a problem for people who study culture and people who study societies.
GARRETT: In the months and years ahead debate on Bougainville's future will enter a new phase. If these students at UPNG are anything to go by it is clear Papua New Guinea's young generation is ready to make a constructive contribution.
By ROMULUS MASIU
BOUGAINVILLEANS have been urged to respect the Bougainville Peace Agreement.
“Only you Bougainvilleans will spoil the Peace Agreement, no one else. This Bougainville is your Bougainville, not for others,” this ‘straight on the face’ message came from the Autonomous Bougainville Government adviser to weapons disposal Clyde Parris.
Mr Parris said the weapons disposal program is an example of the successful implementation of the Peace Agreement in the region which he is proud of and he doesn’t want to see the program wasted.
The African national further urged the Local Level Government and Council of Elders throughout Bougainville to carry out the peace process and implement the peace process in their COEs as they are very important and key leaders at the village level where most of the region’s population resides.
He said as village leaders, they play an important role in their communities and can best communicate with people to promote the peace process, which involves cultural understanding and Christian principles that would sort out disputes or problems so as not to disturb the peace process.
“This Bougainville is your Bougainville and not for others. Therefore weapons disposal is and has been part of the successful peace building in the region also,” he said.
Mr Parris urged all leaders, especially the village leaders (COEs) to take the leading role and vigorously participate in the peace process because ‘you are in charge of the community.’
“Village leaders, you have responsibilities to your people and you are accountable and held responsible to the people and hierarchy leaders, especially those in the government of ABG,” Mr Parris said.
He also stressed that lack of funding or money is not a good excuse because we ask for money and we cry for money but in actual fact, often, we lack the real objective and goal of that money we ask for.
“This is why I am saying only you Bougainvilleans will spoil your excellent and hard-earned Bougainville Peace Agreement if you keep on diverting the money supposed to implement successful peace oriented programs into some self-interest agenda.
Mr Parris urged the ABG and its leaders must now take the next upper steps in the coming three years to tackle the referendum, adding that by 2015, Bougainville must be ready for referendum and show PNG and the world that Bougainville is truly ready for Independence.
Unabhängig davon soll die Unabhängigkeit voran getrieben werden.
Die Lage ist also noch so dünn, dass mit weiteren "verrückten" Investoren wie unsereins zurzeit kaum gerechnet werden kann, so dass die Drückerspielchen sicher noch eine Zeit lang laufen dürften. Ich für meinen habe wieder angefangen 10er und 5er Päckchen zu kaufen. Ich rechne nicht mit 0,3x Kursen, freuen würde ich mich aber dennoch :-)
@kjensw
Wenn du Böcke eintragen möchtest, verweise ich noch einmal auf meinen Post15354
@böcklein
Wenn du noch systemgläubig bist, verweise ich auf meinen Post15309. Lucky Friday hat fundiertes Wissen und zeigt erhebliche Risiken bezüglich der Wertpapierverwahrung auf.
Als Schmankerl ein kleiner Auszug aus einem Lehrbuch für Bankazubis:
Effekten, die in Deutschland nicht gehandelt werden, können nur an ausländischen Börsen erworben werden. Die Verwahrung derartiger Papiere stellt ein größeres Problem dar. Wenn sie beim Eigentumswechsel nach Deutschland gesandt würden, wäre das langwierig und teuer. Aus diesem Grund verzichtet man darauf und gibt die Papiere zu treuhänderischen Verwahrung in das Eigentum ausländischer Banken. Eine inländische Bankstelle, meist der Auslandskassenverein (AKV), führt Buch (Wertpapierrechnung) über die verwahrten Wertpapiere. Der Kunde hat dann einen schuldrechtlichen Anspruch auf die Lieferung von Wertpapieren, er hat allerdings keine Eigentumsrechte. Er erhält eine Gutschrift in Wertpapierrechnung.
Bougainville Copper Aktien werden zwar in Deutschland gehandelt. Dennoch liegen die Teile bei den Nominees. Es gibt nur einen schuldrechtlichen Anspruch auf die Lieferung aber ein Eigentumsrecht gibt es nicht. Daher auch keine Einladung zur HV, denn da sitzen schon die Eigentümer (Nominees) mit deinen Stimmrechten.
3. JP MORGAN NOMINEES AUSTRALIA LIMITED 51,537,513 12.85%
4. CITICORP NOMINEES PTY LIMITED GPO BOX 764G, MELBOURNE , 9,466,337 2.36%
5. NATIONAL NOMINEES LIMITED GPO BOX 1406, MELBOURNE, 3001 7,865,352 1.96%
6. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED GPO , SYD. NSW, 4,395,071 1.10%
8. J P MORGAN NOMINEES AUSTRALIA LIMITED LOCKED BAG ROYAL 2,119,438 0.53%
13. ABN AMRO CLEARING SYDNEY NOMINEES PTY LTD 855,657 0.21%
30. BNP PARIBAS NOMS PTY LTD PO BOX R209, ROYAL EXC. NSW, 181,315 0.05%
Vom Freefloat (rd.100 Mill Shares) werden von den Nominees ca 75 Mill. für ausländische Aktionäre "treuhänderisch verwahrt" u. sind also dem AU Markt grösstenteils entzogen.
Zusätzliche ca 20 Mill. sind im Shareregister der TOP 100 eingetragen und die restlichen (ca 5 Mill.) verteilen sich auf die im GB angegebenen 12427 "holdings which do not form a marketable parcel"
In der TOP 100er Liste haben in den vergangenen Monaten nur marginale Veränderungen stattgefunden,stellt sich die Frage wo die in AU in diesem Zeitraum gehandelten Shares herkommen könnten falls es sich nicht um Manipulationen der Trickys mit unseren Shares handeln würde???
http://www.tradingroom.com.au/apps/qt/...amp;sy=tpl&code=BOC#tabs
Today: 08-May-2013
Trades Volume
Today 7 32,791
This Week 26 115,618
This Month 42 159,027
This Year 1,359 8,155,550
Rolling Year 3,640 17,123,332
Mutterbörse bau VW ist und war Deutschland.
Bei Bougainville sieht das anders aus und folglich werden am Ende nur diejenigen zu den Gewinnern gehören, welche Ihre Aktien eintragen lassen haben!!!
Wie isses denn nun mit 'ner Quelle dafür, dass PNG seine Papiere nicht auf eigenen Namen im Register stehen hat? Sollten "die" denn so weit gehen, sogar das Register zu fälschen?
- "Der Unterschied ist, ob mein seine Aktien nur im Register stehen hat oder ob man seine Aktien wie z.b. PNG seine Aktien in einem australischen Depot hat und über den nominee in Australien somit im Register steht.
- Hierbei meldet der nominee 80 Mio Aktien von PNG, obwohl diese gar nicht komplett da sind, weil teilweise verliehen und somit nur einen Forderung besteht." (#15798)
Anders gefragt: Wie können die knapp 80 Mio von PNG über irgendeinen Nominee im Register stehen, wenn der größte auf Platz 3 gerade mal 50 Mio ausweist?
Da ist es viel plausibler dass JPM 80 Mill. "treuhändlerisch hält" effektiv aber nur 50 Mill. Böcke vorhanden sind.Auffliegen tut der Bluff erst wenn denen die Shares durch massives Eintragen ins Register entzogen werden.
http://ramumine.wordpress.com/2011/11/29/...-copper-agreement-review/
Phase 1:
1) Incorporation of individual Lease area associations and the umbrella landowner association;
2) Conflict resolution work in central and south Bougainville;
3) Conduct of baseline studies on Environmental, social, health and other baseline studies in the Mine Lease areas;
4)Public Awareness throughout the region and development of appropriate capacity and negotiation position by each party including a joint position by the ABG and Panguna Landowners Association and;
5) Reaching an agreed process for conduct off negotiations and conclusion of agreement.
Phase two will include Conduct of Review an negotiations which will also include:
1) Each party to be represented by a negotiating team, led by an appropriately authorized lead negotiator;
2) ABG/PLA joint negotiating team
3) Each team to be supported by appropriate technical advice
4) seperate negotiation tables to deal with environment, social and the financial aspects of negotiations
5)
Zusätzlich gehe ich davon aus, dass folgende Punkte noch zu tun sind, bevor Verhandlungen zum BCA beginnen können:
- Ende Mai wird das Zusammenfassende Ergebnis des Reviewteams bekannt gegeben
- Die Polizeipräsenz und somit die öffentliche Sicherheit wird weiter gestärkt durch Ausbildung von ehemaligen Freiheitskämpfern
- Verabschiedung des Minengesetztes (evtl. schon im Juni)
- die bereits in Auftrag gegebene Umweltstudie tritt auf die Agenda
- BCL eröffnet ein Büro in Arawa
- BCL erhält Zugang zur Mine
- Compensation Frage muss gelöst werden
- Aufteilung des PNG Aktienpakets
Man sieht, es gibt noch einiges zu tun, bevor das BCA Review stattfinden kann. Und sicher habe ich noch einiges in dieser Auflistung vergessen.