I rang PC last night to get a handle on things. Number 1 what's with the SP? Is it the insto from before? He said that it isn't atm and that he tracks it on a daily basis. He also said that it wasn't the ANZ or HSBC noms (although harder to track). Therefore he was at a loss to explain it. Esp as they're operating well on all fronts. I got the impression he's as frustrated as the rest of us.
2. I asked about the roadshow and how it was received? Replied that it hadn't happened yet and that they are going on an Australian wide RS as soon as the quarterly is released. I replied is that because it's a particulary good one and he just said that it's in line with expectations but they're doing it after the quarterly so that everyone has the information and that there is no bias.
3. I querried him about having broker coverage or lack there of. Peter's response was that for a small cap miner like itself that unless the company has had to raise funds through a broker then no one covers it. He also said that there really aren't that many gold analysts in Aust. They mainly focus on iron ore and urainium etc.
4. What about a share buyback? Not out of the question esp at these levels however, they are committed to the c-notes due to the heavy interest burden.
5. What's the companies timeline for making a decision about Hamhimna? They're formulating an opinion on what direction to take this year. However, the focus and $ will be aimed at adding to resources in 2010. Specifically Everything else but.
6. Are there any upcoming results pending for Jokisivu? Infil at K complete. Therefore results of which will be ready in one to two months.
In the near term I believe that Jokisivu and Svartliden are their focus. If they can prove that the two deposits at J are in fact one larger deposit then that will be a major boost to resources IMO and hopefully the much blighted SP.
I hope this helps.
Cheers
DRA Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held
