re: old news.nov 2006 mines and money preso There would be much egg on the face of Aim management(to add to whats already there for some)if they kept announcing to all and sundry that the whole purpose behind the change in mine plan,extra funding and hence extra time taken,if they then had to turn around and say its not really looking like the first Qtr of 2008 for concentrate production but the end of 2008.
Im very much in agreement with Sinbin on the performance options,and said so a while back,that they should be tied much more closely to project development and should not be granted until we had actually seen concentrate produced.
It seems that some larger holders,particularly the likes of North Sound,didnt seem overly concerned with this aspect of the director performance share plan as we should have seen many more votes against if they had voted against this resolution.
The main reason this could all be held up is if the offtake is not as close to finalised as the market appears to have factored in.I cant see how the debt will be approved without an offtake contract to confirm revenue for debt payback.This MUST happen in the next couple of weeks if the C/Note issue is to take place in quick time.
I'll reiterate what the November Mines and Money preso said on the last page and that was
"Contractors set to mobilise in early 2007"
d.
re: old news.nov 2006 mines and money preso , page-2
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