Define "sovereign risk"...27 September 2012: Following...

Define "sovereign risk"...

27 September 2012:
Following discussions with the Indonesian Mines Department, the Company expects to resume operations at its second mine, Talang Santo, in the near term. Management expects the suspension of operations at Talang Santo to be short term in nature and will not materially change the Company's plans for the mine.

28 November 2012:
PTNM expects to complete these requirements by mid-January 2013 and to receive approval from the Mines Department to commence full mining activities in Talang Santo in February [2013].

14 March 2013:
PTNM has substantially complied with these requirements, and now anticipates the resumption of full mining activities at Talang Santo in April [2013].

4 April 2013:
PTNM was informed at the meeting that the mine development plan has been accepted subject to several minor amendments and that the minutes of the meeting and formal notification of acceptance of the plan would be forthcoming from the Mines Department.

25 June 2013: MINING PERMISSION RECEIVED
The letter, which states the updated project feasibility study is technically and economically acceptable, authorises normal mining activity at Talang Santo in accordance with Indonesian mining regulations. PTNM is working to complete several other parallel processes [AMDAL and forestry permit]. To facilitate rapid development of Talang Santo mine, a thorough review of operations is in the process of being carried out. Over the next 8 weeks, a better understanding of development and production rates as well as grades will be known and production and profit guidance for the upcoming financial year will be possible.

5 September 2013: TALANG SANTO MINE ON TRACK TO REACH 40,000 OZ PA BY MID-2014
Kingrose expects to produce approximately 3,000 ounces of gold in the December 2013 Quarter. With operations ramping up, production is expected to total 20,000 ounces of gold for the current financial year ending (June 2014).

16 Januuary 2014:
PTNM requested permission to conduct full scale mining activities without restrictions in late December 2013. The Indonesian Mines Department has since formally advised that the current limited development work program can continue but full production will not be permitted until the grant of the forestry permit and AMDAL extension has occurred. Given the advanced stage of the above the Company expects to complete these two permitting processes by April 2014.

29 April 2014:
Kingrose had expected approvals to allow the ramping-up of production at the Talang Santo mine by the end of April. Timing of this is still linked to the granting of the final permits, receipt of which, is expected by the end of the June 2014 Quarter.

... so no, Moorookamick, I won't be phoning the company and letting you know the latest, because the company clearly doesn't know.