dates?13 May 2014 18:12
The Company's wholly owned subsidiary, Temir Service LLP ("Temir") has been unsuccessful, to date, in concluding negotiations for a third earth moving contract on the timescale previously expected and, accordingly, Temir is now expected to generate materially less cash, during this financial year, than had been expected at the time of the last update in December. Management continues to negotiate this contract, but there can be no certainty as to whether, or when, acceptable terms will be agreed.
From the RNS dated April 2nd
"In the interim, on 29 March 2014 management agreed an extension to the second earth moving contract with a value of approximately KZT79 million (US$434,000), of which a proportion will be prepaid. It is expected that the Company will resume its work on site in approximately 15 days and that the contract extension will take up to 45 days to complete".
So April 2nd plus 15 days is April 17th, plus 45 days is about June 4th. Hopefully on or about June 4th there will be news that this contract is completed and paid in full. Plus, SKR is owed for earth moving contracts already completed but not paid (under negotiation) - let's hope that negotiations are completed successfully and that there is cash income from that work done too (please see April 2nd RNS). Although it may be just a few $100K it will be greeted as very positive.
I would suggest it will be quite quiet until the first week of June, just my guess.