"We continue to plan for full plant production in 2009" - this scares me, before they were saying mid 2009, and now it's just 2009, full production could be delayed to december 2009. phil must immediately clarify this.
"The initial operating costs which have not yet reached optimisation have been
contained to well below the market price for the products" - they need to hurry up and optimise operating costs, no-one wants a loss making operation.
"The production boreholes from where the brines are extracted are performing above
their expected production capacity and have the properties to yield four times the
required volume for a plant in full production at 17,000 tonnes per annum" - so why not quadrouple production to 68,700 tonnes per annum?
EGM due to be held in April 2008 - pushed back one month, i don't consider this to be an issue.
announcement out, page-8
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