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Re: hightech1 post# 52561

Friday, 04/01/2011 12:21:19 PM

Friday, April 01, 2011 12:21:19 PM

Post# of 94783
There's still plenty of good news to be had this year but you are right about later in the season.

"If you will notice all the "good news" keeps getting pushed out another month after the company does not do what they said they would do..."

I'm not sure what things you think the company said they would do that are not getting done.

I agree the numbers were lower than hoped, but it's not a matter of "excuses" so much as operational realities.

Excuses are what you hear when somebody is not doing what they are supposed to be doing.

Reasons are what you hear when they are doing what they said they are gonna do.

We had a late start due to the El Nina extended rainy season. That's an operational reality.

There was more overburden than anticipated. That's another operational reality.

The dredging operations manager got malaria. That's another operational reality.

The most important operational reality is we are through the overburden and in the best gravel, combined with rivers that continue to drop and
currents that continue to slow down.

Those are important considerations when examining a statement like:

"If you will notice all the "good news" keeps getting pushed out another month..."

It will get better this month, next month, the month after that, and if we're lucky, the month after that, for those very reasons. Operational realities.

That is just as true true if they'd pulled 1,000 ounces as it is with the present production.

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