RE: RE: Webcast! Hey Twintomatoes, the link that DutchTrade provided has a summary of some of the highlights in the webcast. Here it is again:
https://www.proactiveinvestors.com/companies/news/35586/-prophecy-platinums-wellgreen-pgm-project-attracts-overwhelming-attention-35586.html
JL was generally better prepared and more articulate than in the past. He was obviously reading from a prepared script at least some of the time. He got a little repetitive at the end as he kept re-summarizing the highlights. Overall, I got the impression that this webcast was hastily arranged because of all the calls they are getting and the speculation out there. Could it be that JL reads this board? He certainly made some comments that sounded like he was refering to Cook's recent remarks.
Apart from a detailed overview (with slides) of the project its rationale, potential, etc with which we all have become familiar (see the latest presentations on the NKL website), here are a few other issues JL discussed (not my opinions, just what JL said):
- the recent insider trading: PCY’s sale of shares was a one-time event and PCY was not planning any more such sales. Basically PCY needs the money to help finance its own projects which are gearing up. Other insider sales were attributed to former employees who have left the firm.
- the company has been short-handed and has been addressing this by building a world-class team of experts to take it to the next level. He mentioned a number of the new people and their credentials. (I admit that I felt a lot better about the prospects when i was reminded about the quality of the people now on-board)
- no one foresaw the severity of the economic crisis that affected all mining companies. He gave examples of companies (North American Palladium for one) whose own shares have plummeted as bad or worse than NKL. This recent crisis was worse than in 2009. Despite that, NKL was still able to raise funds.
- disgruntled investors have been bombarding the company with complaints, speculation and trying to extract info which the company cannot legally provide. This has just been wasting NKL's limited resources. All news released has to go through an internal committee that they have set up
- next year NKL aims to attract coverage from at least 3 more mining analysts (adding to the 3 that already cover the company)