Conference call - A non event.
posted on
Jan 30, 2008 07:33AM
I listened to the call with a friend who for the first time bought a couple of thousand shares with the hope that the call would raise the price and he would pocket a few bills.
Nothing new was presented but a rehash of the resource report. The only additional information was that the management has not had a discussion of the results and therefore had not a plan for to future to present during this discussion.
I hoped that they would give some more details about the potential resource portion of the report.
But nothing was offered about future plans other than what I understand that they will return to the drilling ( in-filling ) to prove up the potential into demonstrated resource.
So I was disappointed about not getting anything new, but content that they are returning to status quo from before the report.
I also question the purpose of the conference call for it was lacking in fillin in he details and was basicly a hand holding.
The most impressive part of the whole thing was not what was said by the management but what was said by a rep of an investment or trading firm? Do not recall who it was.
But his comment was all positive and I was glad to hear his sensible perspective.
I will wait to go over the details once the conference is available as a replay.
Not bad but I expected more, Edgy.