holding up better than i thought, page-6

Well said MrsSmith.
As I have always said, too many people are jumping the gun on this one.
Let's wait and see if Vic & Co deliver the promised 5,000tpm sales contract before saying there is only blue sky ahead for MSC.
Even if they do sign the deal we must then wait to see if the venture is actually profitable. Don't forget that MSC produced the 30,000tpa 'break even' figure many years ago when costs were much lower. What has happened to fuel, wages, raw materials, etc over the last 3 years? I would not be surprised if the break even figure is over 50,000tpa.

MSC will burn through the cash they just raised very very quickly if no material sales revenue is generated by the end of the year.

Debentures must be redeemed in another 12 months so if Skardon is still not off the ground by then we will be back to square one again. Vic & Co will then put their hands out for more of our money.....................