OTCPK:PILBF - Post by User
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FrozenInOntarioon Nov 12, 2015 12:56pm
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Post# 24285672
Couple of observation on the conference calls
Couple of observation on the conference callsPolaris sounds always like the Cubs, wait till next year. 2 points I did not like : USCR is negociating their raw material contract. And if you listen to USCR conference call, they do not seem to mind throwing their weight around. Ken even alluded to the potential loss of this contract. If this happens, we will be able to buy at lower level like the Voodoo guy predicted. The other point is how to get to the 6 millions tons per year. Question was at the end of the conference call. Ken mentionned that SF cannot absorb much more than what they ship overthere as they are limited by the receiving terminal capacity. And PLB is permitted for 1 MTA. Herb contradicted him right after. So who is right ? I like this co, but gee, saying that they will attain 6 MTA in what year ??? This might be attainable but the cycle might be getting long in the tooth. So overall, great projets, a ton of value, but gee these guys are not moving fast enough it seems to capitalize on what they have available. And this creates some risks. Regards,