'The company has already said that no production will commence now till after the wet season. the announcement on the 2nd of November really is saying we dont expect to be mining till after the wet season due to the interim Government and expected Admin delays as a result.
So in my opinion that has been factored into the share price since that time as it was pretty evident from that and subsequent comments in reports etc that we didnt expect to get this up before next year.
We are cashed up and as soon as mining lease granted I think it was a 6 week lead time for contractor to commence. So if we get in first few weeks of January should be good timing for the end of the wet season, unless they wont start the 6 weeks prep till then, then it would be say May for first delivery.
As long as its heading in the right direction.
MLM Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
