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armenia mining deffered, page-92

  1. 2,661 Posts.
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    Dr_Cash

    Glad that somebody else can see the discreptancies as well. This "credit crisis" is going to be an excuse for a lot of companies to delay projects, without having to outline any other reason.

    The downgrading of anticipated production leading up to March 09 possibly gives a clue. Maybe even the 60koz (ish) was optimistic. It appears to me that the delay of this project start up means there is something more involved, because this annoucement could have had more clarity if it was purely a financial reason.

    I spent a bit of time over Easter going through the old IBR annucements, appears that TMR was possibly using that data for future forecasting, then again thats what they paid for. Unfortunately I think that Cashedupbogan might be right with this one. Only winners will be IBR shareholders who took the deal and sold into price strength.





 
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