Very significant news....
posted on
Mar 12, 2008 02:50PM
The company whose shareholders were better than its management
All in my opinion, pleasedo your own DD.
First just have to say thank god they gave us news today. It has become a love hate thing with me and Aurelian management. When day 42 passed on Friday with no news I found myself having to walk away from the phone and computer on a number of occassions which in turn prevented me from losing a gasket on these guys. Then out of the depths of my hatred they spring todays NR on us. I give it an A+ both in terms of results and presentation.
Results have always come first for me, but I had come to feel they needed to work on their presentation. Lets face it, the results are pretty much out of their control, but the way you tell the story can be just as important. The last thing we want is some kind of Howe St. promotion but that doesn't mean they can't give us the odd line like they did here today...
"We continue to drill aggressively, with three rigs now pursuing the blue sky potential of the Condor project," says Patrick F.N. Anderson, President and CEO. "A powerful rig is drilling a deep hole just west of the west fault, testing for the faulted extension of the FDN deposit at depth. Two other rigs are drilling fences of holes south of FDN across the Suarez pull-apart basin to test if additional buried epithermal systems exist."
Lines like that tell you point blank that you're not just paying for what we know today, our shares have unlimited potential for gain.
The results were truely brilliant. I didn't pull up the cross section this morning as I felt the move in the share price was pretty much telling me that the holes released were just confirming the 43-101. But in the afternoon I saw some accumulation come in. A couple of big pockets started competing for shares jumping bids and what not. So I figured that the real number crunchers must have found something in the cross sections and are adding to their in-house models. Sure enough, after studying the pretty coloured pictures I'm happy to report that in my opinion FDN increased significantly in both size and viability with todays assays.
Now for a change in speed, who can tell me where we got the ounces from? Come on, it beats throwing around takeout numbers...pull up the cross section and give it a go...
Regards,
Buck