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Re: mandjb post# 8647

Thursday, 04/07/2005 7:28:17 PM

Thursday, April 07, 2005 7:28:17 PM

Post# of 174020
Manjb regarding AWRCF earning call...

I wasn't at the presentation.. I was in the call and I beleive there's only several people on the phone... but it's ok.. there are several institutional participants..

the call is so interesting.. the guy from italy really ticked off the CEO and CFO.. but maybe the guy was out of the line too adn I think if I can try to take the positive side of the CEO anger was that he's showing conviction to do the right thing (fire 2 directors that aren't contributing well enough, etc...)

It's hard to understand a lot of what the CEO and CFO trying to say...

I'm long on this one.. been long since a long time ago... my average cost was below $2 and I don't think I will add at this point untill I see development on profit margin...

Copper price increase might hurt them a bit... and also I don't think it's that easy to get into AMEX or NASDAQ listing with the current internal control that they have..

but no question.. that this company is way undervalued..
book value keep increasing... and price is well below the book value.. we'll see if there'a any big write off or write down of asset (PP&E).. hopefully there aren't any...

Are you still holding?
I still can't figure out who has been selling the last 2 days... especially at this price they should be buying..

worthy are you selling AWRCF?

Stan
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