Ian Foreman's Reply to My EmailHi All,
Below is Ian's reply to my email from a few days back. My question concerned around the current valuation of the company. Below is his response:
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Sorry for taking a while to get back to you, I've been travelling and as I think you are aware Cary is no longer with us so it also takes a while for us to get caught up with the 'info' e-mail.
As for your question - we can't have a 'target price' for the stock due to the restrictions of being a reporting company. However, I can assure you that I am not happy with the current valuation of the Company and am doing as much as I can to increase it!! Having said that, as you can see, we have great support in the market so I, personally, see little downside to the SP at this time. We are working on several fronts: 1) we have a drill program underway 2) we have several groups looking at our properties, and 3) we are awaiting results. This translates to us having good news flow over the coming months and with luck, the market will appreciate our efforts and our hard work will pay off for all of our shareholders.
If you would like additional information, please don't hesitate to get in touch.
Thanks for your continued interest in Yale,
Ian Foreman, P.Geo.
President