this stock is a joke!!, page-8

Todays,

IMO we need to manage our expectations. The company has already publicly announced that Hard rock mining (stage two and 3 combined) is planned to commence in 2014. As startup problems are to be expected, I very much doubt that hard rock production can commence within the next 12 months.

IMO, the reason why the share price has been struggling recently is because of the following:
1) Bulk shipment was supposed to happen in June 2012 and the finalisation of the offtake agreement for tailings is conditional on Mitsubishi receiving and accepting the shipment as being of a reasonable quality. It is now July and no announcement has yet been released by the company;
2) No announcements to date regarding the ability of the company to overcome its initial production ramp up problems. Could possibly explain why the bulk shipment may have been delayed;
3) Recent weakness in the Tungsten price and market.
4) Europe Crisis with fears that it could have a contagion affect on the rest of the world which would indirectly affect Tungsten demand.

I continue to hold because I believe that it will only be a matter of time until:
- the company resolves its production problems;
- Europe gets its act together;
- Tungsten prices stabilise as there are no substitutes and more countries are regarding Tungsten as a strategic commodity most likely because its one of the key commodities used to make weapons.