RE:RE:RE:RE:RE:RE:Another prediction
I would love to be wrong. The $6/share Maverix/RCF accounts for a negligible percentage overall, a ruse in my opinion that TMR baked into the lastest bail out deal. My prediction is that we won't know the detials of Q3 results for at least another month. Why? If it was good news (e.g. a record quarter in any regard) they would have announced a date for Q3 release and conference call. There is a blatant trend that disappointing quarterly news is disclosed at the latest possible date required by securities (45 days after quarter end). Don’t kid yourselves into thinking this 45 day period is needed to complete the accounting – that’s done real-time and a company knows with great certainly their production and financial status at each month and quarter end. Exploiting the 45 day period allows a company to make efforts to “right the ship” and soften the blow with positive news (e.g. drill results, permitting updates, improvements to board or mgmt team) and/or craft appealing forward-looking statements (e.g. “we are at the inflection…at the cusp”, yada yada..). Also antiicpate that all of the aforementioned gets laced with the perennial, ad nauseam excuses (inclimate weather, challenging logistics, equipment availability) which is meant to make me/you/average investor empathize with their struggles and give everyone a (false) sense of hope (bay). Too negative? Lets wait and see.