Ann: Independent Expert Validates Resource Estima, page-11

re: Ann: Independent Expert Validates Resourc... The commissioning of plant has been a disaster.
Company can not be held in a positive light as promises were not met and fundraising being promptly followed by very disappointing revelations did not enhance the perception of company integrity.

On the positive aspects fund raising by share allocations made the company safely solvent, works manager left the company "for personal reasons" and according to management has been replaced by someone well regarded and experienced.

Shortcomings in the processing plant may not be expediently solved if original plant lacked sufficient capacity at various stages of processing and the inevitable complications of a plant "out of kilter".

It is possible that - assuming management of processing plant problems and upgrade are very satisfactory - that promised production levels will not be reached well into the current year and share price may not reach a reasonable level until this time next year.

As there may be questions relating to reliability of promises made by the company and other concerns share price is likely to be rated very conservatively.
There is also likely to be large holdings of shares waiting to be unloaded because of disappointments and this will be a hindrance to share price surging.

These comments are opinion only and your guess is as good as!

Finally it may be interesting to follow the pattern of posts receiving high numbers of positive ratings. Will not comment further on this particular item.

Cheers

Vidi