Adanac Molybdenum Corporation AUAYF

RE: Adanac public meeting in Atlin

[grumpymonkey007]

[The CEO] adds that a federal review is required which puts the project out for comment under federal guidelines across Canada. McLeod says this teamed with current financial market uncertainty deemed the slow down necessary. (McLeod) “Having this additional regulatory hurdle which we thought was handled during the FACEA(sp) process has thrown a higher level of uncertainty against the financing making it a lot more difficult to foresee"

About time the CEO acknowledged the real issues - the official AUA release that claimed the slowdown was due to weather resulted in a significant loss of perceived credibility. Well, to me it did at least.