Only a problem if you looking for a short term investment. I posted about 7 months ago that 2012 will more be their year - this year they need to ramp things back up again in Peru and announcements should flow more freely very late 2011 and 2012.
They need those community approvals, and hence to start dilling (in multiple areas), and the subsequent announcements before anything of note will happen to the share price (Indonesia aside of course).
It was always going to be a slow process through 2011 to obtain these community approvals so there should not be any surprises that the share price is still low.
Noted in the last brr last week that the MD stated that this quarter another area will have commenced drilling, and the remainder of the approvals should be received this year. Let's hope this is correct.
I am still very happy with this company for a medium/long term investment. They have very solid foundations now and a clear plan and solid management - not to mention the cash. They will get there.
SRK Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Held
