Gazza, the quarterlies rehashed what we already knew and should...

Gazza, the quarterlies rehashed what we already knew and should not be seen as reason for the price drop. Rather the lack of news is interpreted as being a bad sign. No news on the promised off-take agreement, no news on drilling results, no news on the construction progress. For example, have the long lead items been ordered? What milestones have been reached?

The uncertainty relating to the political situation is also a major factor. In this respect a few comment from Paul would also be useful. He must treat carefully of course, but he could have pointed out that the mining license approval required also the consent of the national government in which the Serbs have a say.

It seems that Paul can only open his mouth to spin nice stories, but when there are setbacks, he clams up. Delaying news does not improve it, it only leads to negative speculation.