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January 21, 2015

Stanley Semery emailed from Port Moresby:

 

"Hello,

I was surfing through the net for some particular information and came across your site.

I am just curious to know what has happened to the public share ex-BCL workers from PNG have bought.

My father worked in BCL for almost 20 years and we left during the crisis in 1989. Up until now he has never pursue the agenda on his shares and I would like to help him as much out here.

If you could kindly provide some advice/info and direction on this matter will be greatly appreciated."

Unfortunately, I couldn't help Stanley Semery as I know nothing about BCL's share issue to PNG Nationals. What I do know is that BCL shares are still occasionally traded on the Sydney Stock Exchange (latest quote AUS$0.235); however, they don't seem to be listed on the Port Moresby Stock Exchange. If anybody can help Stanley with more information, please email me at riverbend{AT]batemansbay.com.

Stanley is the OHSE Manager of the PNG Ports Corporation (the former PNG Harbours Board) which made me reflect on how far the country has come and how long ago it was when we built Bougainville Copper as back in those days there was barely a mention of occupational health and safety. I mean, those thousands of Highlanders all proudly wore their safety helmets but hardly any of them had boots, let alone safety boots.