RE:RE:RE:RE:National Bank Target Price Upped $0.10 to $1.95Quite a positive agm , not as much hype as last yr with the anticipated bfs
they hope and were adamant that the permit and First Nations is a priority , they see both before yr end , negotiations with the 3 First Nation groups are going very well and don't see it as issue. The people of st fulgence with the new propsed solution .
they have a few parties who have inquired as strategics, looks like some form of govt help is being worked out and they gave meetings with ministers In next few weeks , they are not concerned for moment on cash flow as they think they will manage ( said being extra careful) on expenses but did say will need financing , Brian o also said dilution isn't option
as for capex they are working on lowering it and have significant savings coming on that front , as well they think can get production costs even lower than what was announced last week ,
With Brian o on the board things will move guaranteed .one thing I can say when I left was I'm more ever confident the right team us in place , eh her be mgt or the board , there many questions regarding the
Drop in prices and they don't seem worried , there was also some expressed lack of mgt communication and that was acknowledged , torrent hills still there with a 90 day revolving contract , the Wells Fargo and national bank people were present and in some informal discussions were very upbeat , one board members from ocean partners was there he was upbeat as well and mentioned he couldn't divulge certain info as I asked questions
all in all positive but again patience is must here , as for sp they are all dumb founded by the behaviour and where were at , I will post more as I read more notes