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Bullboard - Stock Discussion Forum Banca I.F.I.S Spa BNCIF

Banca Ifis is an independent banking group specializing in the collection of trade receivables, non-performing loans, and tax receivables. The group's credit is exposed mostly to Italy and other European nations. Its trade receivables segment focuses on growing trade finance loans and providing liquidity to Italian small and medium-sized enterprises. Approximately one-third of its loan... see more

GREY:BNCIF - Post Discussion

Banca I.F.I.S Spa > Update needed for El Tejon Flake mine and mill
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Post by bossman on Jun 23, 2014 3:25pm

Update needed for El Tejon Flake mine and mill

If Spiros would just update shareholders on El Tejon on the steps that he is taking to get El Tejon up and running it could help drive this up do a more decent level. I wonder if any of the new equiptment has been ordered or if any of the mining permits for this new mine and mill will come shortly. A simple update would be nice on real stockpile numbers etc.
Comment by Super1nvestor on Jun 23, 2014 5:00pm
I agree that having an update of some sort is always nice for keeping shareholder's attention and invested in the company, but perhaps Spiro is waiting for some big news that can be released that will make having an NR worthwhile? I am just guessing because I am sure that NR's do cost some $$$ to put out..maybe he's waiting to drop the motherload of an announcement? I hope so, but it ...more  
Comment by bmeister2 on Jun 27, 2014 9:09pm
I agree with you on the patience but management have got to understand the volatility of the average investor today and throw us a frickin bone here or there. They have been mum since who knows when and people will cut their losses and move on. I am underwater but no way will I average down without some type of acknowledgement from management that they are still breathing air someplace. I should ...more  
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