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Great Western Minerals Group Ltd V.GWG

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals

Great Western Minerals Group Ltd. is an integrated rare earth processor which manufactures specialty alloys used in the magnet, battery, defense and aerospace industries.
Price: $0.09 | Change: $0.00 | % Change: 0.00%
Volume: 715,238 | Day High/Low: 0.095/0.085 | 52 Week High/Low: 0.175/0.065
V.GWG Great Western Minerals Group Ltd
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nebbya - (3/23/2013 8:03:24 AM)
hmmm... Why host the conference call from London?

 

Yesterday I listened to the conference call again and I highly recommend doing that.  Marc makes it crystal clear that the goal is securing feedstock for LCM.  What was interesting was that we had a new voice on the call, Cynthia Thomas.  Here is a blurb about her, assuming it is the correct Cynthia Thomas which appears likely given her background, from her role as a Director for Nautilus Mining.

 

Cynthia Thomas (Non-Executive Director)
Ms. Thomas joined the Board of Directors in June 2010. She has 28 years of banking and mine finance experience, and currently acts as Principal of Conseil Advisory Services Inc. ("Conseil"), an independent financial advisory firm specialising in the natural resource industry which she founded in 2000. Prior to founding Conseil, Ms. Thomas worked with Bank of Montreal, Scotiabank and ScotiaMcLeod in the corporate and investment banking divisions. Ms. Thomas holds a Bachelor of Commerce degree from the University of Toronto and a Masters in Business Administration from the University of Western Ontario. Ms. Thomas was formerly a Director of PolyMet Mining Corp. and is currently a Director and Chair of Victory Nickel Inc., Director of KWG Resources Inc. and a Director and Chair of the Audit Committee for Ferrinov Inc., a private corporation.

 

She has an extremely strong background in mining finance, is a director on a number of small mining companies, and has her own advisory consulting company.  What was clear from listening to the conference call was that Marc, Cynthia, and Vic were all together in London.  Marc stated that he was in London explicitly.  He also mentioned later that Vic was with him.  Cynthia just jumped in the call to answer questions and she can be heard faintly in the background reminding Marc at the end of the call to put the “forward looking statements” disclaimer at the end of the call.

 

Why would Marc, Vic, and Cynthia all be in London together? Cynthia jumped in to answer the questions about off-take agreements and how now with the PEA they had the metrics and data to actually negotiate these agreements.  Hmmm….  It looks like they are there currently talking to financial institutions and/or LCM’s customers simultaneously.  There is no other logical reason for them to be physically together in London that I can think of.  Definite food for thought.