bond on target

While the latest announcement indicates that there is going to be a delay in getting into production of up to 12 months there are positives to be taken out of it.

The first real positive is that the US$100m bond issue is in the process of going through the hoops. Like all official things Bolivian getting through the hoops is going to take some months.
But it should get the green light (if it does) to be available in the 4th quarter.

The second real positive is the intention to do more intensive drilling to improve the resource inventory and therefore make the case for getting into production at Amayapampa even more compelling. Even more economical than it is at present.

So the delay will not be greeted with any delight but the benefits in the longer term will see the project as a much more attractive investment than it may be viewed by some at this stage