Monday, August 03, 2015 1:56:54 PM
I think an August meeting is not possible since notices and agendas etc have to be sent out well in advance. I am not sure, but I think a shareholders meeting can be held anytime in the calendar year. I would think they would not want to have such a meeting until they have a couple of months of successful production because they would then have money in the bank and a higher stock price than they have now. That would also allow more accurate future projections to be made at the meeting.
I am eager to read some hard number data too, but since the PR was already been delayed once (according to Benchmark, it was because Dun Glen had an unexpected repair a week ago), it is a possibility that a report might not be ready this week either if some other problem arises).
The company has been pretty transparent about what it is doing as a business and at the mine, so I'm bullish. I watch the stock daily, so I have to remind myself that it has only been about six months since the change of management. If numbers are delayed I don't think it is because URHG is trying to hide bad numbers. It may be that those big machines during the summer heat in the middle of nowhere are just temperamental and take longer to get running consistently than expected. So I think a shareholders meeting is not something on their radar yet. We shall see.
- TTH
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