RE: Conference CallI was satisfied with the earnings report and very pleased with what I heard in the CC. There are a lot of exciting growth initiatives going on for the future and there seems to be no shortage of business. I still think this stock is a great buy and hold at the current level. The selloff yesterday was unwarranted.
As usual there seemed to be some confusion and descrepancies in the CC but it has always been that way. I also noted that the soil in storage does not add up and seems light given the date. That is only one month of soil. I agree with Thunderhead1 about JB. He is a fine person and has done a very admirable job in building this company. I believe he is nearing 70 years old and may want to slow down a bit and just do some of the more pleasant things around the business with less responsibilities for general operations.
I think we could be waiting for Sydney and possibly even Kirkland Lake to open 2 years from now in effect doubling the business yet again. Also keep in mind that Q1 and Q2 were weaker last year due to weather and the lack of the storage facility. They could possibly double EPS in each of these Q's in 2004 and that is before Belldune starts up. Then Belldune will hopefully begin to ramp up. I think Belldune is a sure go although slight delays are possible. I do not think any slight delays would be of much concern and I think it has been factored into the guidance already. So why would anyone be selling? Cheers!!!