RE: Should get a popWe are now at the beginning of the period identified by the Feb. 21 press release as the period for commerical production at Tabakoto. Was to have been late March to late April. No first pour. No news at all.
The good thing is that they are now forced to come out with the December 31st results. They have until month end to do so. They cannot really discuss year-end without giving us a current update on Tabakoto.
What concerns me is that that project must be costing a pretty penny every day that they are not commercial yet and remember, this is a mine they expected to have operational in mid-year 2005. All those addded costs will not show up in the P&L, but will show up in reduced cash balances and bloated capital expenditure totals for the project - to be depreciated for years to come.
If the cash runs dry, guess whom this will get to pony up still more capital.