OTCPK:IVWFF - Post by User
Post by
99921on May 15, 2008 3:36pm
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Post# 15078533
Q1 Report
Q1 ReportThe report is on the Ivernia site and you were very close in your financial estimate. Progress towards restart of operations is very slow and restricted by all of the conditions imposed by government. It sounds like they are still a few months away from production and they say it will take four months after that to achieve normal output. Lots of new staff coming on board etc. The Esperance 8,000 tons are still sitting there awaiting approval to ship. All in all not much encouragement for shareholders - patience is definitely required.