RE: Keep Calm and Carry On6 Oct 2015 14:47
PRG's business plans will develop over time. It certainly won't be a 10 year-plan with the business ceasing to trade in 10-years time as the mines it presently holds dry up. What we see now is only the beginning of the companies' development. Under previous management the company was somewhat aimless and was a very speculative buy when the share price was in the sub 4-5p region, if not a pure gamble. At that time PRG carried out a lot of exploration but seemed to have no eye on taking things to the next step. Since Philip Manduca has taken over, the business has progressed at high speed. It may seem slow to us shareholders but we are talking about mining in Africa, and all the hurdles that brings about. In reality, Manduca is working very quickly to get mining underway. Employing mining consultants, specification, design of machinery, site set up, establishing plant, power supplies, support staff, mining staff, security, site management structure and that's before we look at getting the diamonds downstream to be processed, is a very tall order indeed. So again, what we believe is taking a long time is actually occurring at great haste. If Manduca can truly get diamonds out of the ground in 2016 Q1 then I will be very impressed indeed.