I called Peter Chapman ( non exec Director MLI) about the prospects of MLI on Friday. He told me that MLI was on stream to commission a new processing plant in late NOV.early DEC.2009. ( five weeks )
He expressed that this has been a difficult period but the company is now moving forward.
The new plant will produce 40,000+ 0z. Gold annualised per annumn.
He explained The major shareholders want the next meeting in London because that is where they are based.
I am Informed that the Majors are looking for substantial improvment within the company. That in turn will relate to a very Improved SP.
Hopefully there will good movement upwards for the SP.
Maybe 2010 will see some elevated advancment for Shareholders
Good luck to Everyone.
phone call with director
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