CMR 0.00% 15.0¢ compass resources limited

shareholder action imf brief, page-33

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    released 3rd october 2007
    Isolated schedule concerns emerged late in July. However, it was believed they would be
    addressed by the introduction of additional specialist project management staff. The
    subsequent resignations of key project management staff necessitated the establishment
    of a new project management team during August. The new team uncovered previously
    unknown deficiencies in some areas of plant construction and in project management
    procedures. This has led to corrective action, remedial works in some areas, and revision
    of project management systems. A progressive peer review of critical aspects of the
    project has been implemented.


 
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