If there is major problems with production you almost always see it reflect in the share price. Something like that is very hard to keep quiet, yet the price is holding around the same level as its previous high. I've commissioned CIP plants before and it doesn't take much to halt the circuit. There will be many many teething problems. Its NEVER smooth sailing from construction completion to production. The GOLD pour at the end of the year is only a ESTIMATE not a CERTAINTY, directors cannot foresee what type of technical problems will come up.
"Iamtheoracle", John Williams sold 271,200 shares out of his 13,408,166. Thats 2% of his holding. Big deal! We don't know his personal circumstances so any conclusions would be speculative. One thing that needs to be stressed, its not so much the GOLD pour announcement that smart investors want to see. Its the cash flow positive announcement. Its all fair and well pouring GOLD but it means nothing if that GOLD cost more to pour then what its worth.
The project may not see positive cash flows until the second qtr of this year.
AAM Price at posting:
37.5¢ Sentiment: LT Buy Disclosure: Held
