Conference Webcast on Wed August 10thThe information provided and questions submitted should be illuminating to KDX shareholders:-
Could this be the opportune time for management to announce commercial production at the True North (Rice Lake) mine?
What KDX financial input and time is required in order to put Hollister in full production?
It seemed to be counterintuitive for KDX directors to hedge production earlier in the year, but at that time investors were unaware that negotiations for the Hollister purchased were probably underway. In this scenario, Hollister acquisition prospects may have been protected by the production hedge, although as events have unfolded this may have been a “belt and braces” approach. As Hollister may prove to be another masterful mine purchase, my earlier concerns regarding the hedging is withdrawn.