PDAC 2022 – Day 2 was much quieter
After the pandomonium of registration and police holding people outseide for hours on day 1, PDAC 2022 day 2 was much quieter.
The aisles were noticably easier to navigate and of those people walking around, there seemed to be very few investors, with some booth holders even saying to me they don’t go to PDAC to meet investors!
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PDAC 2022 – Day 2 was much quieter than Day 1
After the pandomonium of registration and police holding people outseide for hours on day 1, PDAC 2022 day 2 was much quieter.
The aisles were noticably easier to navigate and of those people walking around, there seemed to be very few investors, with some booth holders even saying to me they don’t go to PDAC to meet investors! What?
So, you spend time and money putting your company into the Investors Exchange, and then turn around and say you “don’t attend the conference to meet investors?”
So they are only there to meet service providers and people selling goods and services?
That seems to be a very hollow claim to me, and smacks of them trying to mask their disappointment at the lack of investors at the show.
On the otherhand, as an investor I have had some difficulty meeting the management of some copanies at the show, due to them being “in meetings”. Nothing wrong in that of course, it’s to be expected that larger shareholders and funds would take the opportunity to meet the CEO, especially ones of companies that have performed well.
But, to be told they are not available on the stand for the duration of the show, as I was with Tara Christie of Banyan Gold, (on Day 1!) really was disappointing. I managed to catch up with her after a panel discussion, in the corridor of the Inter Continental Hotel, with people interrupting several times, and that was not what I want from a meeting, no matter how large or small my investment.
Banyan have done really well recently, so she is perhaps in more demand than others whose share price has fallen, but even so surely she should allocate some time to meet those shareholders that wish to meet her at her booth?
Contrast that with Karora Resources, where after a couple of visits to the stand the guy there, without any prompting from me texted Rob Buchanan who promptly returned to the stand and gave a proper presentation.
So, on one hand we have some CEO’s compaining about the lack of investors, or making excuses like they don’t go to the show to meet them, and then we have others that are not available to meet the few investors that take the trouble to fly over the pond to meet them.
To be offered a zoom call is not what I travel such a distance to be told, although I appreciated the gesture.
I think PDAC should mandate that all CEO’s make themselves available on their stands for at least a couple of hours on one day of the show, perhaps day 2 before lunch, to give investors that take the trouble to attend a chance to meet them. Else why should we bother attending at all?
I have had two years of Zoom calls, which served a uesful purpose during lockdown, but now I want to meet people in person again. I like to meet the CEO’s of all my stocks in person, usually before investing.
Day 3 tomorrow, and the final day where my own attendance will be curtailed due to British Airways cncelling my Thursday flight, ths forcing me onto the Wednesday night cattle truck whch will be full to the brim after the show as people return to London.
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Disclosure
At the time of writing the authorholds shares in Banyan Gold and Karora Resources, bought in the market at the prevailing price on the days of purchase.