Timmins & Beardmore - Northern Ontario

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Message: Late NRs are VERY frustrating!

Late NRs are VERY frustrating!

posted on Jan 09, 2008 10:43AM

Warning: I'm venting in a weak moment of impatience

I'm getting very frustrated with the constant delays in SGX news... we were supposed to have news before xmas and this still hasn't been released. Clearly Mike has way to much on his plate... SGX needs to shore up their IR department. Add an assistant - do something. KXL has 4 people working their IR department. I know they have news to report... have for a couple of weeks. They just can't seem to get it out to market. It is very frustrating. Mike has said there are several NRs this month... great... the only problem is they will likely release them during reporting season starting next week.... when everyone is expecting blood letting from the banks and brokerages... I fear it will be another case of SGX news being swept under the carpet.

The opportunity cost of not resourcing the IR dept properly is costing all of us a lot of money. I don't mean just in SP, I also mean in dilution. If they handled their news better we would have seen higher SP for private placements and therefore less dilution....<sigh>

As far as global markets are concerned, this is the best week to post a NR. Maybe they are waiting for the Hard Asset show next week... who knows. Let's hope we see one tomorrow.

GLTA...

mz

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