Good old Penumbra. How many times have they set a 'first coal' target and not met it? Let's see!
Announcement 04 August 2010 - First coal August 2011
18 January 2011 - Q4 2011
01 June 2011 - Early 2012
29 June 2011 - Q1 2012
21 October 2011 - Q2 2012
01 May 2012 - September 2012
26 June 2012 - Early Q4 2012
24 July 2012 - Early Q4 2012
26 September 2012 - October 2012
01 November 2012 - mid-November 2012
Mid-November (the middle third of the month in case the company cannot comprehend what 'mid' means) has come and gone and still not a peep from our South African friends. This is despite many people questioning the company over the past year about their scheduling and having the directors insist on everything running to plan!
It's unacceptable how this has dragged on. It's up there with other greats from Conti such as Kenya, Vanmag, Colombia, no more capital raisings, let's use Bergen and 10MTpa production in 2015, to name just a few!
unfashionably late
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