I see your point and there we agree.
It is management's fault that they make any guidance or project numbers. I was thinking more in the direction of failed operations for anyone being at fault. I think my position is beginning to win converts within the company and that ultimately they will no longer provide information not required by law.
There was going to be a new Corporate Presentation posted prior to PDAC and I think that was killed just for the reasons you mention. I tell them over and over, do not publicize anything that is not absolutely required under the SEDAR or SEC regulations. Little investors have no need to know, and analysts and large investors will come and see for themselves, or at least attend the invitation only receptions at the various shows where one must qualify to participate. I am still hoping that they take the company private. It would be so much easier. The actual MD&A can also be made much more brief and still comply with the laws, now that I think about it.
In the meantime I hate to see you miss the opportunity to ensure, by insuring a profit like JFF7, that when the SP reflects the fundamentals and the sector returns to normal you will make money. I am happy with our progress to date, particularly with the defeat of Inmet in court, and really don't care about the SP at this time. If it drops to $0.35, which it just might, I will buy heavily again.
If you can find another company out there with better potential and a lower PE I would love to know the name.
AI
