Here we go.... ready for this ?
I took some notes on GJ's speech yesterday at the conference.....
Here are some points he made :
--- Announcment of 2 new people in a week or so, 1 being a New top CEO.
--- That the Co was under valued.
--- Ken Tabot's estate is stable with the share holding.
--- Broker- StoneBridge securities currently has a value of 66c, and another broker will annc next week a value of 71c.
--- that the cost for the Co or the FOB for ore to the ship will be approx US$20/ton...... with ore around US$120 will give SDL a profit of US$100/ton. a PE raio of .31
--- The project wiill PAY for ITSELF in 12 mths.
--- The current capitalisation is not what it will be down the track.
--- They are well into negotiations with Co's.
--- He will be going on holidays in March & all that needs to be put in place will be done by then.
--- GJ wants to get the SP up now so its dosent look so low to the possible invest partners....... End of Speech.
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