GREY:MAAFF - Post by User
Post by
cjsellon Jun 17, 2010 8:15am
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Post# 17196977
AGM
AGMI too was at the AGM. How about catatonic, there were just two individuals who asked questions. Small room, very much on side with MAA. One would have thought most of the folks were MAA employees! Mr Burton was asked about cash burn, his response was "reductions in head count in Canada and Africa", he was asked if Complant goes south, do you have a backup plan, "yes they have a plan B". He was also asked "does the BOD have the right stuff to get the job done? His reply was "the BMO will assist MAA".
Lots of pretty pictures, if MAA was a software company, they would be accused of vapour ware. MAA forestry lost money, MAG energy will have to tough it out. MAG minerals will grow with the auto sector. Bla Bla Bla.
As far as I am concerned I am very happy I trimmed at well north of .55, and will look to buy over the next two weeks. But I won't be betting the farm, as this crew has done nothing to earn any confidence.
CJ