RE: RE: RE: RE: Why down today?As per RBC action direct. Consensus estimates for Q4 were for 7 cents per share. This was not met, hence I believe the stock price got hit. Today analysts Salmon revised estimate s.p. in one year to $2.4 ( from $2.85) and Raymond James has revised their outlook for s.p to $1.60 from $1.70.
Interesting listening to the conference call. Sound like because how royalties are collected, and revenue/sale price determined their maybe some positive adjustments coming. The sale price is changing from M-1 to M+1; I liked the old system better since it did allow for clarity as to what was actually earned. Unlike in 2008 when sale prices were determined by M+3; this lead to significant negative price adjustments when the price of copper tanked.
The issue of S.D. came up. ???? Uncertainty about changes in the upper ranks is never nice.
Lastly.....nothing was brought up during the conference call about the second generator. What is wrong with it, and when will it be repaired?
On an optimistic note the price of copper is strong, and predictions are for it to stay here for awile (assuming China stays happy and new productions is slow to come on stream), energy cost may eventually come down in 2013 when a new pricing agreement starts. Lastly they have a great amount of cash on hand, hopefully eventually a dividend will be on hand. Regards