RE: Bad newsThis from the Yahoo message board for TGB.
Conference Call
by: ramico69
Long-Term Sentiment: Strong Buy 12/06/05 01:47 pm
Msg: 3045 of 3068
Just spoke to Investor Relations concerning the the Q4 release and I was advised that they are scheduling it around December 19, 2005. Within my discussion they had advised me that the Q4 results would not be as profitable as Q3. He stated that they had already mentioned the fact of the shovel not being functional, and the rising canadian dollar. From what I was able to get, they should have positive revenue but in line to what was produced in Q3. Along the line of the refinery they stated that there will be no dilution and that management is look to do a debt financing. He acknoledged that there is a posibility of a government backed loan. I questioned the individual on the current quarter and he stated that it should have a much better result then the previous quater. When it came to Prosperity he stated that management is currently re-evaluating the feasibility study with current economic conditions, and that management should have all environmental documents completed by March of 2007. He did stated that by no means is this a slam dunk. He stated that the current climit in BC is more favorable to the mining industry in comparision to 2001. If they are granted the permits to mine in March 2007 that there would be a 3 year development phase for getting the infrustructure in place. He stated that managment is working at reducing operation cost and that the current warrant's expiring may have had a negative effect to the stock over the last 6 months.
I'm a little disapointed to see that they were unable to have a strong 4th quarter. Obviously we will see an effect to the stock price in the short term. In order to see this stock start moving on the upside, we need to have management confirm the finance structure for the mine and let's hope the BC government is willing to help, we would need to at least wait till the next warrants expire which is September 2006, and if management is able to convince the BC government on permitting the Prosperity development then its all forces straight. At the present moment I think we are going to experience another set back once the Q4 earnings are released. This was not what I was expecting.