I wrote an e-mail to the company. I have pasted it below. It will be interesting to see if I get a reply.
Dear Sir /Madam
How are you? OK I hope.
I have a few questions that I hope you do not mind answering for a present and long term share holder.
Ivanhoe/Hollister
1- Is the feasibility report still on track to be released Q2 - 2007?
2- At what percentage to being complete is construction of the access decline?
3- When will the mining of the 5000T bulk sample to be started?
4- The veins are still open to depth. Will any of the present underground mining test the depth to which the veins extend?
5- When will an updated reserve estimate be available?
6- How much cash does GBG have on hand at the moment?
7- How many fully diluted shares will there be now that the financings are completed?
8- Are there still 4 analysts covering GBG? Are there any plans to get more coverage?
9- Is the production rate still expected to be 160,000 oz/year starting in Q1 2008 of which 50% is attributable to GBG?
10- What is the status of the Golden Cloud Property?
11- Are there any plans to do any exploration drilling on the remaining land outside the Hollister Block development? If so when?
12- Is it still the belief of your geologists that there is a larger northwest to southeast vein system outside the Hollister development block.
Burnstone
1- Has the construction of the explorations decline and surface facilities started? If not when is the construction scheduled to start?
2- Is there any active drilling still taking place on the Burnstone project?
3- In percentage how far along is the final mine permitting and when should it all be finished?
4- What is the status of the agreement with Tranter Investments and the BEE issue?
5- Is production still anticipated to be 214,000 oz/year at an all in cash cost of $323/oz?
6- When is production now expected to start? Q1 2009???
General Questions
1- What is your long term estimate for the price of gold?
2- What is your long term estimate for the exchange rate of the SA Rand?
3- What is your reasoning as to why GBG is so under valued in comparison to some of its peers?
4- What is the relationship between GBG and Morgan Stanley?
5- Has the new CEO Fredi Dippenaar been on a road show? If so why has there been no positive reaction in the stock price? What is he hearing back from the people he has been talking with? He must be getting some type of feed back.
6- Directors Elliott and Kirk each have 100,000 options at an exercise price of $1.75 which expire on November 30th, 2006. Are there any plans to re price these options?
7- What is the G & A burn rate per month?
8- Has GBG been approached by any companies seeking either a take over or merger? The historic Hunter Dickinson business model is to find and prove up mineral properties and then sell them off. With the share price being so flat and undervalued in comparison to its peers do you think the market doubts your ability to become a mine operator and this is reflected in the stock price?
9- Has there ever been an offer for the GBG properties? If so what was the offer?
10- Does HDI have enough people on staff to adequately manage this project along with all the other HDI projects and move it forward at a reasonable pace?
11- What new Investor Relations initiatives are planned?
11- Last but not least when do you expect the value of GBG to catch up with its peers?
Thanks for your time.
Kind Regards
