Management claims to have been getting on with the job during the MMK farce but take a look at the current timeline compared with the timeline in the annual report released 3 days before the takeover offer was announced. Everything has been moved out by at least 6 months.
- The DFS was to be already completed by now but it's now down for 1st quarter 2013 so that was obviously put on hold.
- Mine construction was to commence 1st quarter 2013 - now 3rd quarter 2013.
- Production was to commence 4th quarter 2014 - now 3rd quarter 2015.
Management claims to have been getting on with the job during...
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