Step #1: Spend money and time sending three loads of analysts to the site to get them pumped about the company.
Step #2: Do not pre-announce when earnings will be. Make it a rumor mill/guessing game.
Step #3: Put out a earnings report with typo's and financial information that is wrong. See how the market will react.
Step 4: Tweak financials. Hey what's a few zeros amongst friends.
Step #5: Sit on report until late at night and release under the cover of darkness. Don't want to generate any excitement.
Step #6: Do not hold a conference call, which is standard for any company. Make the market continue to guess making the stock a Shorts wet dream.
I really thought something good was going to happen here. With bungling like this, no major institution is going to want to touch TGB. No wonder people have said to stay away from HD companies. I'm still long here and hope to stay that way.
I'd say that release was specifically in reference to the gold mine at Taseko. 1991 was around when I bought into Taseko and there were many exploratory drillings there to prove the mine. There's a lot of gold in them thar hills, but it requires a special mining process to get it out. Although the price of gold is pretty good, the general world demand for it doesn't justify converting Taskeo into an operating mine yet. Maybe by the time Gibralter gets really humming??
I have no idea what will happen from here. I don't think the time delay will hurt the stock as it came back from $.90 to $.97 today. As long as when the report does come out, they show production guidence that would yield $30M or more in earnings(bottom line) for calender year 2005 based on $1.30 copper and $28 Molybdom, then the stock will rally. That's all there is to it in my opinion. I just hope that guided production will yield a minimum of $25M bottom line for the calender year. All this talk of instiutions caring about a slightly delayed report or anything else is popycock- the numbers are all that matter.