As a s/holder I read with some concern some of the comments regarding the change in management, stockpile difficulties and the shutting down of the mill
...so Ii rang the co and spoke with the head honcho
I have been left with an invigorated sense of optimism regarding the co and the issues raised.
Regarding the plant he advised this is a very big plant - a "monster plant" is how he described it and shutting it down occasionally - given the present throughput - was not a warning sign.
He aslo said they had been approached to take on the work of suirrounding mines but given what they expect - they didnt want to commit and thus impede their own capacities!
He said the next 3-4 months will tell the story but he has not sold, the head geo's are "more than happy" and come Dec, we will know whether there is a real future
He felt having two rigs on site is a real plus and the findings have been "very heartening".
Regarding changes in management, he said the firm employs >100 people so changes are not a draconean matter.
He aslo said here has been someone who has had a large parcel who has been selling and they believe there is very little left for him to shed - hence the selling pressure will abate and the ticker will hopefully start to track upward
He sounded enthusaiteic upbeat and I for one will average down.
LEG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
