GREY:FTPLF - Post by User
Post by
jdn55on Aug 14, 2013 10:42pm
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Post# 21671622
Q2
Q2
Just had a quick review but no major negative surprises that I could see. Thurso operating results were actually a little better than I thought they would be and Landqart basically moved to breakeven but sounds like they could use some more orders. LSQ still under review. Might see Thurso move back close to breakeven by Q3 and maybe cash flow positive by Q4. Perhaps a little light at the end of the tunnel if we could get DP prices to firm up.
One surprise was the announcement of a $15MM normal course issuer bid. Not sure that's the best use of company funds. Be interesting to see how the markets react. I don't think we'll sell off and who knows, maybe the SP will actually firm up a bit.
GLTA