Ahridas
I can understand why you get so annoyed with some of the ramping of this co. After all, it was a brimming sewer of glib nothings in the face of what I perceived as disastrous fundamentals that prompted me to play Devil's Advocate.
The ramping is still along similar lines - big court win likely; plant production about to go turbo; plant expansion rumours; takeover rumours - but is a shadow of what it was.
Recent events should prove educative for you though, Arhidas. You might have noticed that with the release of the latest financials -read cold hard facts- the anl spruikers disappeared from this forum faster than rats down a sewer, something that your posts dont seem to achieve. That should suggest to you that the rampers are more interested in the journey than the destination. Unlike me and (I suspect) you, whether the ride ends on Dump Drive, S*** City is immaterial to traders, as long as there are a few more hills along the way.
IMO anl will have to announce a plan for plant expansion and an associated capital raising (1 to 4, raising ~250 MAU) within six months at the outside, and if the current cash burn rate continues then I would expect an announcement before Christmas. The alternatives of administration, or borrowing more from Glencore until the cert big court win leaves anl flush with the readdies (ha-ha!), dont seem as promising, especially as Glencore is one hell of a lot smarter than anl's previous creditors. (Then again, so is a slug, so it's not much of a compliment.) Still plenty of uncertainty for the traders I would guess.
It will be interesting to see if this gingerbread man fares any better against the hungry fox, though by the current share price there are still plenty of optimists out there.
Billy
As an aside Arhidas, what do you see in store for this co?
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