baby teeth

The teething troubles in the early months of the mining operation have continued to prove a nuisance for the company and shareholders.

The new machinery has had problems that have had to be sorted out with various modifications and resultant loss of production.

And the early section being developed for the mine has also had its challenges.

So the intended date for first shipment has been put back again several months into early 2010.
Fortunately it sounds as though the Liberty Harbor convertible bond arrangements will probably be looked upon favourably by the company and an extension to the arrangements made .
Hopefully PRC will avoid having to make any penalty payments for the delay in delivering the required tonnage as per the original agreement.