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Ivernia Inc IVWFF

"LeadFX Inc is a Canada based mining company. It is focused on the development of lead-silver projects. The company owns an interest in Paroo Station mine, a lead carbonate mine in Western Australia. Paroo Station mine is the company's principal asset and production stage mineral property. It produces one product, which is lead carbonate concentrate for sale to primary and secondary smelters located in China, Europe, and North America. In addition, the company through its subsidiaries also owns


OTCPK:IVWFF - Post by User

Bullboard Posts
Post by 99921on Jun 14, 2006 7:46pm
164 Views
Post# 10990739

AGM

AGMThanks for the news Coach. You certainly are generous with your time and information. I was wondering if there was any discussion by management, perhaps in response to questions, about the future financial performance of the company once they are producing at the 1.1 million rate. I seem to recall that those of us who have been in this stock for a long time were postulating that, once things got rolling at a steady rate, this little miner would be able to throw off a lot of cash which would justify a pretty handsome share price. Management seems to have delivered on its promises from an operations point of view but the market does not appear to be very interested. Do we just have to wait for the numbers to be achieved before the stock appreciates? It appears that past performance of the shares was based on analysts' predictions of a rosy future but the enthusiasm seems to have disappeared. Part of the reason, I suppose, is that the metal's price outlook is not as bullish as it once was but we expected IVW to be a relatively low cost producer that could do well as long as the bottom didn't fall out completely. Thanks again Coach.
Bullboard Posts