TSXV:HRE.H - Post by User
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REEnewbieon Jul 21, 2011 1:58pm
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Post# 18857709
Clarifications to conversation with Stans
Clarifications to conversation with StansI've been advised that some points in the conversation with Stans were incorrectly summarized, here are the clarifications from Stans:
1. GWG has not retained a famous analyst John……. They have a relationship with Byron capital. It is misleading to state that he is paid directly by them.
2. GWG does not do MORE PR. Stans Energy consistently strives to deliver its message to institutional investors, shareholders, media, and the general public.
3. With respect to GWG production figures, the 1700mt we discussed was in reference to heavy rare earths, not their total output. Please check with GWG for those figures, which I believe to be 5000mt/year.
4. In respect to production dates, we have set goals, yet no official start dates have been announced until after we have been able to evaluate our feasibility studies which we expect to be completed by end of Q4 2011. Managements goal is to be among the first if not the first HREE producer outside of China and we believe that with the assets we currently have these are realistic targets.
GLTA