Hi Folks! Here's another great report back from a Toronto correspondent re. Monday PDAC action:
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The big show goes on. Like the three ring circus it's tough to decide which act to watch.
The ACA booth with its prime location and excellent staffing is a big hit. President John Auston and his competent crew are there constantly to answer technical questions. What a class act! Speaking of class acts, Jack McCleary and his Troymin gang are putting on one helluva show. Great maps. Tom Boychuk is managing the booth in his competent IR role. Jack is fielding technical questions. What a display! One map shows the info which is on the Troymin website. Another shows the till status of the properties. Not bad, at all! The best is a digital topographic map of northern Alberta with Troymin lands, Ashton pipes, other properties and a clear overlay of the Slave Craton with associated Diamet, Aber and other pipes - all for scale. Very impressive. Troymin gets the Oscar for best booth, so far. Simple, unpretentious, packed with information and classy. Way to go Tom, Jack and company!
Pure Gold. Very good. Nelson Baker, chief geologist, in constant attendance answers all questions thoroughly and competently. First runner up.
Overall the show is less frantic than last year's pre-BreX meltdown extravaganza. But, the ADP has not quite made the grade. However, the Toronto investment establishment is starting to take notice and when they do - expect a rush of cash into the 10 or so players.
Are there dynamics? You bet. We interviewed one player who was just enjoying the moment. Being able to play with the very best, come what may before the crowd figures out what is going on. There is a lot of technical innovation happening, blending mining and petroleum technology to look for diamonds in a new environment. Over at the New Claymore/Lucero/etc. suite at the Sheraton Centre the action was heavy and productive. No drunks since the suite was off the beaten track. Lots of serious talk. Speculation was in the air. Are there known pipes which are not announced? Yes, there are! On ACA land? No! How good is the information? About 80%. This reporter was tired upon realizing that this is not a simple play. There are dimensions and layers that are very complex. Net result? Expect the unexpected! Expect some more big guys to move in. Expect most of the players to announce shareholder rights plans very soon. Nuff' said. WOW!
We spotted a couple of SI thread net hounds around the ACA booth and environs late Monday morning. We lurked in the background making sure we were not observed. What a letdown! They looked normal and intelligent. Not much fun.
Later on in the day we conducted a survey by asking technically informed players what they thought an intelligent and knowledgeable, net-savvy investor knew about the ADP. The results - NOT MUCH! Because it's moving so fast, and the play is technically complex.
This is good news, I suppose, because we have so much to look forward to.
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-j
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