Given that their most recent album is old enough to buy its own drinks -- and that fans have been waiting for reissues of the band's old records for as long as we can remember -- it's probably healthy to take any news of a new release from My Bloody Valentine with a boulder-sized grain of salt. But for what it's worth, MBV frontman Kevin Shields says the group working on the long, long, long-delayed follow-up to 1991's 'Loveless.'

Reached in his London studio for a brief Pitchfork interview, Shields said he was working on "My Bloody Valentine stuff," explaining, "I'm just finishing a record that I had started in the '90s."

It isn't that Shields works slowly. In fact, as he put it, "I tend to work really quickly, suddenly." It's just that a bunch of unfortunate stuff has gotten in the way -- like the band's "half split up" following 'Loveless,' and the time Shields "left the band for legal reasons once." But he insists, "Other than that, I've always said that we were going to make a record again."

So what can he tell us about the new music? "Not much," he begged off. "I need to finish it!" But that could happen soon -- and not just in dragged-out My Bloody Valentine time, either. "You never know, we might finish it really quickly, and it might be up in a few months!"

We won't hold our breath. But in the meantime, it looks like those repeatedly delayed MBV reissues are finally seeing the light of day on May 7, boasting remastered versions of the tracks and a double-disc version of 'Loveless' that includes a previously unreleased version of the album.