Hi attitudes,
I also went to the AGM and was comforted by what I heard and saw.
Agree with your comments, although I am a first time 'poster', I have been a shareholder and reader of HC for some time and prefer to digest and sift through the posts to assist in my decision making. Do not have a geo back ground so I tend to use a friend of mine for insight.
It was encouraging to hear JH summarise the actions that have been put in place to protect our investment and having had the opportunity to witness first hand IMO they have shown impresive commercial accumen.
This CR he stated will allow them to commit to a drill program by due date albeit they will seek an alternative partner should the unlikelihood occur and current farmin partner fold at the eleventh hour. This in itself brought a sigh of relief from me.
I agree that he was clear, direct and (one would hope for someone managing a multi million dollar company) honest when answering all questions, most of which are answered in the presentation.
- all directors/executive subject to personal circumstances will excersize options
- a decision to commit to drill program will be forthcoming by due date
- FIRB approval is an easy and transparent process (in fact one of the directors chimed in to state that FIRB have never rejected a proposal such as this)
I think these are the pertinent take outs, others of which can be gleaned from the pres. I hope this is an accurate summary, happy to be corrected by others who were in attendence.
IMHO future looks good. DYOR
Cheers UL
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