Ann: Production at Bibiani , page-5

More so with most mining execs, in my opinion you have to pay very close attention to anything Mr Norris states, and even closer attention on stuff he omits.

For instance the announcement says that they are "on track" for first pour by the end of the month. Presuming they mean March then I take this to mean that they have not produced gold yet but expect to in the next two days (if they had already produced gold you gotta believe there'd be a photo of it). So no first pour just yet.

Regarding the crusher, the announcement says that all the bits and pieces are now in Ghana but my understanding is that that has been the case for some time now. The hold up has been that it is stuck at the port waiting for customs clearance. You gotta believe that if it has cleared customs then they would have said it was on-site. So the commissioning of the crusher, which is necessary for the plant to start processing feed from the satellite pits, remains at a stand-still it would seem.

Regarding the power supply issues, no update that I can see. If the problems had been resolved or an easy work-around had been put in place you gotta believe that Mr Norris would be trumpeting about it imo.

Regarding the cap raising, no mention. So how are we travelling on the cash front?

This for me is not the cleansing announcement that the market would have been looking for. Hopefully I have got it wrong.