'given the extreme climatic conditions in Mongolia, it is anticipated that the independent Geologist Report will be received by the company in early April 2012'. Its early May....
'The Board is also actively engaged in identifying suitable additional Board Members with specific expertise in rhe resource sector' No new board members to date....
'...the board also recognizes the need to expand its Mongolian coal portfolio and in conjunction with its advisors,...., will in due course assess further opportunities. If any of these are proceeded with, the Company will require further capital to acquire and undertake further exploration activity' We were first advised of this on 5th December.
Corporate timetable - where are we at with the indiciative dates provided.
All these delays and unanswered questions is what is forcing ROB down. The only thing that will propel this is some positive news flow. It has been somewhat to disappointing in the last 3 months
Hopefully positive news sooner than later.
ROB Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
