Concerns?Firstly, I will say that I have been frustrated with management here, at times. But, I do think that they are learning from past mistakes and that is certainly a positive going forward.
I own a not insignificant amount of shares and have done so for awhile, now. I am always looking to accumulate on weakness as the story here is very compelling. The team they brought on board is a sign that they are looking to be a player in the coal business, a REVENUE producing player. As the price of oil goes up, high grade domestic coal becomes ever more valuable. In fact, I think Taylor was being WAY too conservative in his newsletter writeup, as I think they will ultimately be working with margins at LEAST double what he outlined.
Lastly, I read on JIm Sinclair's site that the Chinese have been busily, quietly buying gold with both fists, even going so far as to snap up the IMF gold sales. I think that Sinclair's 1650$ target will be histor by this summer and we will be loooking at 2000$ per ounce by year's end. Ponder the implications of that for Louise Lake, if you will.
cheers