I can't help but thing one or more of a few possibilities is going on here. One, the former guy Kevin was so loose in his guidance that when Perron came in he said wow there is a lot of loose ends to clean up here I better take the time and be very careful here. Also possible that he is doing a huge sweep of every operation of the company and is going to make a pretty large scale announcement on costs, guidance, future debt plans etc. In any case I don't expect the run of the mill announcement soon, I think it could be significant and wide ranging in regards to the state of the company.
It's outrageous. I have a hard time imaging they haven't reached the commercial production milestone at this point. Why they are sitting there not reporting it is absurd. No details on production, no details on the upcoming sale of concentrate, no details on a budget for the year...but at this point they've seen the stock tank and start to recover and are assuming the market doesn't require any information from them. So they're just going to wait and wait until they feel like and then tell everyone that commercial production was reached right around NY's and a bunch of concentrate was sold. Also no details on future plans for the Moly mines. I think they probably plan to release some info middle to late January to bridge the gap to the next CC in Feb. Pathetic, been almost 2 months since the last CC and basically no update on anything whatsoever.
I hear you man. The few snippets that we've heard (like Perron mentioning higher recovery rates then expected at this point in the ramp up) are way too far between... too easy for the imagination (good or bad) to start kicking in.
I like to pretend that Perron's silence is because he is down in the pit, swinging a giant mystical hammer like something out of Roman mythology... bare-chested and loin-clothed... eating weak workers for sustenance because he refuses to leave the dig.
Sentiment: Strong Buy