Re: How did they even come up with this date?
in response to
by
posted on
Jun 05, 2009 12:38PM
Producing Mines and "state-of-the-art" Mill
Whaler,
I don't know how they came up with that date, but I doubt they knew it wasn't going to happen at the time. It was their anticipation, and obviously they were wrong. I suspect that they were anticipating the financial deal closing before it did, or that perhaps the complexity of the deal meant that their time was consumed on the deal rather than the financial reporting. But that is all speculation.
When I contacted Gary Nash last week, or maybe the end of the week before, he said the year end would be done soon, and they would then have to do the 1st quarter, and trading was expected to resume then. I think that is his best guess, it is what I am planning on, and I hope that he is more accurate in this timeline. I am hoping that with the deal behind them, LBE can now concentrate fully on meeting the reporting requirements and getting the mine back in production.
I think your question was reasonable and not bashing. I have wondered the same thing. As well, I don't see any connection between the subject of your question, ISM's pending 43-101, or the respective company efforts at IR.
Cheers,
Bluenoser