ANQ (ASX) Ann: Half Yearly Report and Accounts

Originally posted by Schumacher ↑

Freighter thats true but be careful not to distort the announcement to readers - i.e the opportunities that are currently being progressed will be based on the completion of upgrades to the current operational plant and this will then trigger these deals - however until this has been achieved in 2-3 months as noted in the report then there wont be any positive result viewed by the market because even though we keep saying its nothing to do with the technology the future investors will want to see it fully operational before they commit- in the meantime if it were positive then the share price would have held up at .005 but for some reason .005 was an opportunity to get out for some and look at the share price today- im dissapointed like the rest and believe that the manipulation or games are not over and would not surprise me in the least if someone tried to take out .004c to create a bit of panic- key here is dont use all your capital - I have sunk 7% of my working capital into this stock already and ive decided that im not going to put any more in until after they can prove to the market that the plant runs at full capacity - and if it dosent this will sink like a stone - that we have to accept as a possibility however i am not convinced this will happen

cheers - keeping it real !!

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Schu, no distortion (although I have no control over whether people misinterperet my post). We have commercial opportunities other than WMRC and they are being progressed. Also, the commercial opportunities currently being progressed are not dependent on upgrades to the plant, only the completion of remaining commissioning.

Agree most future investors/customers will want to see the plant achieve certificate of completion.

As far as price staying at .005, One other possibility - Monadelphous themselves would benefit from this (and subsequently may be providing sufficient supply to keep price there) if:
a) they believed the share price would be significantly higher in the future; and hence
b) were planning to take the option to convert their loan to equity (or a portion of). The shares lost in providing supply would be outweighed by the extra volume they would gain by conversion at the lower price.

Cheers