GREY:HRIVF - Post by User
Post by
GordonGekko12on May 28, 2008 5:05pm
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Post# 15120240
AGM highlights
AGM highlightsShare Price - Mosher suggests market spanking HRG for delays and escalating costs (wake up call for managment)
- says, "We are not at full commercial production nor a mid teir producer yet, thus market stills considers a speculative play
- until mid teir is acheived stock may be volitile
CFO - suggests by the end of the year and into next year they will be showing positive cash flow.
Mosher quickly stepped in and qualified the CFO comments by saying "spoken like a true conservitive finance person".
In other words what they were promising this year has been pushed ahead another year.
Overall encouraging to hear the feedback from management, should be a good stock to trade between now and next year. I like the stock very much at this price and it should settle here assuming all things are equal.
Disappointing that shareholders were so polite....