20 trillion oil in sa, page-38

strider: I wouldn't give two squirts if it was $50 or $80 either. In fact, even if it was $110 I'd be excited. If they want to make an unrealistic claim, I'll be sceptical before there's proof.

Obviously one in a million was a figure of speech :P

Yes, if they can produce $50 renewable green oil on an expandable commercial scale I'd say it's utterly mind-blowingly revolutionary and the company deserves a multibillion dollar market cap.

Yep, absolutely, once again I agree, oil companies (and companies in all sectors) have told big lies. What makes you think an algae oil company is immune? Hey, if it's true I'll jump right on board the moment it's proven. Sure, I'll probably be buying in much higher than 25c-30c, but it'll still be a mega multibagger between there and $50 or whatever it gets to. The downside is more likely though, and much of the hypothetical upside could be grabbed without the risk of holding now (can any of you say that you're in the green with AEB? I'm guessing every one of you is sitting on a paper loss, and honestly you too must expect the price to fall from here even if you expect it to rise later).

By now I'd actually be getting concerned about the CO2 results still not being out, though I'd still bet on them being good if I had to.

If you are ever so inclined on a rainy day, please do so!

haka: I know there's no magical new algae mutant, that was just an example of something hypothetical which could justify the claim that they can do this so very much cheaper than anyone else. It makes no sense to say "We're basically doing the same as everyone else, but at a fraction of the cost and no one else in the world is able to do that, just because, no reason, we just can, please believe us even though we haven't proven it yet, okay? Cool."

Land use isn't a big enough part of the cost to be at all relevant in slashing most of the production cost. AEB isn't the only company which has tried producing algae oil in enclosed systems - several companies have been researching optimal methods of doing so for decades and obviously if they'd made it comparable in price to crude it would now be a massive industry (even if it cost a bit more there would be subsidies and incentives to use it).

Yes, you're right, I have stopped putting time into researching AEB. I've seen enough to be thoroughly convinced this one is fundamentally flawed and am unlikely to look much further into it unless there's an announcement which blows my socks off. I like to watch companies I consider obvious dogs, you can learn a lot from them and this one is a pretty clear example (when the share price was higher and I was saying so everyone told me I was nuts and that AEB was imminently going to have a rocket under it... happy for anyone to come back and comment again six months from now, or at any time sooner if the price goes above 35c). I guess I'm also a bit of a sucker for a debate - if no one challenged me here I'd hardly comment if at all, but when arguments are aimed directly at me I often feel inclined to get involved.

Looking at the chart and fundamentals, even if you think AEB is a long term winner, now surely looks like a good time to sell (and if you're a true believer, wait for a better entry).

This is not advice, DYOR, etc.