RE: Gary must go The projects look good and the corporate management right now leaves a very BIG question (and a lot of little ones). When they came through North America mid-November they were talking about a couple of different avenues to potentially get the comapny and that doing so by year-end was not out of the question. The current market activity would suggest that is not the case.
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Gary has indicated that the selling pressure they are experiencing with Robust is coming out of a fund that had a fairly large position who are liquidating and that they are.
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He also indicated that he had no intent of generating buying or "bringing buying in" just to allow people an out, but that makes little sense at these levels - "IF" he has buying activity in the wings, the selling that is showing up at these levels is exactly where he should be bringing it in - low price point, tax loss pressure, etc. - right now I see NO good signs on the corporate / market management side of the equation. Doesn't mean that can't change, but it hasn't yet.
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Gary and Nick set a date structure on this last trip suggesting that they had things in hand and that we would see corrective measures taken, so far no sign though.
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Salut,
Leigh McBain