machines are on site ready to go but still negotiating funding with a number of sources. Once this is completed it will be announced and earthworks/piping etc will begin. Rather than commence work and burn up cash he is quite correctly waiting until full funding for the heap leach stage (and hence cash flow) is done in full.
All is still on track but just taking a little longer than anticipated. I reason I am in this company is that I have known Ken for many years and consider his character and ability undoubted. He is cautious and conservative and has a considerable number of family and friends in this venture - not to mention a pile of his own money.
Frustrating I know but worth the wait eventually.
NME Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
