Just listened to the callSpent the hour tonight and listened to the recording of the call. I know a lot of poster feel these guys are "bums" but aside from maybe being a little week in knowing the numbers, I think they approaching things the right way. Here are a couple of my thoughts...I welcome comments (aside from the usual hecklers) and opinions...
1) On the plus side, I agree with idling the mines vs continuing to produce at a loss. I think this is a wise move to come out of the down market a lot stronger.
2) It sounds like they are up for sale as has been noted previously. I wonder if they may only sell off their Canadian operations though...there was kind of a comment about this.
3) I was not impressed that when asked about the credit facility and what brought it back up after the bought deal went straight to paying it down, they had no clear answer other than "cost of production". I would hope they could be a little more transparent there.
Overall, I was pleased with the call (all things considered) and may even put a little more in tomorrow if others think its time to head for the hills.