Yesterday a group of investors attended a tour of Timminco Limited’s (TSX: TIM C$ 27.90) Becancour facility hoping to be able to verify its silicon purification cost and capacity claims. There was no new information given and the investors were not even allowed to enter the plant.
The tour was sponsored by National Bank Financial. The group was given a tour of Timminco’s low grade silicon smelting operation but not the silicon purification plant. Investors are interested in Timminco’s silicon purification plant and not its commodity silicon smelter. After the tour of Timminco’s silicon smelter the investors were denied access to its alleged silicon purification plant.