The delays have been discussed and they are mostly due to items being delivered late, which is out of their control. That being said I am amazed anytime someone completes a project on schedule, unless most of the profit depends on that.
If we look back at the lead times for the reports, we will see a focus on bringing positive reports out in preparation for the POL. Fuzzy and company are being very effectively marginalized, as they should be. This plant is completely safe if operated within the guidelines, and we *will* operate within the guidelines. You have to admire the skillful political orchestration that is unfolding.
I still don't expect the POL until mid January, but that is when I expect all of the plant to be finished. We will ramp up and have positive cash flow and Phase 2 will be well on its way by end of June.
Kudos to Nick and company, and the Malaysian government. Good job so far.
report released, page-19
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