Brian Wesson's Tweet.... On Jan 17th, 2013, Brian Wession tweeked....
"Please have a look at our investor's guide booklet Woulfe's the Sangdong mining project. "
Within the investor's guide booklet (aka Woulfe's factsheet, dated Nov 2012), it does specify the development schedule:
Development schedule
• Full-scale plant construction will commence as soon as funds are released pursuant to the IMC and Shinhan Bank agreements.
• The procurement tendering process is underway, with Woulfe procuring the major equipment and HanmiGlobal/SMC procuring all other items.
• The mining contractor has been appointed and work has started on a new 6 by 6m portal and decline access.
• Plant commissioning is scheduled to commence in late 2013.
I understand the factsheet is dataed Nov, 2012, but why does Brian Tweet it on Jan 17th if everything has stopped or for that matter IMC or Shinhan bank have walked away?
Another point..... I own stocks in other companies that have joint ownership with large corporations, and they haven't released funds for their junior partners either for the past 12 months. I am wondering if there is more going on than just the deal between companies, such as the global economy going through another significant slowdown.