see ya later wally gator flevs post 2320315

Hi Guys,

I swore to myself that I would never post on this site again but I am a weak man. And besides, some of you may have misinterpreted me.

I said that most of us were gamblers. I meant it. The blame game, the ramping, the guessing, and the reading of the portents are the ear marks of gamblers. Remember EARNIE’s “primed cannon?� I only choose Earnie for two reasons. One, he does not care about what I will say, and two, he is big enough to take it for what it is, not a criticism but an observation. We all have vested interests.

What I meant to convey was that THIS AGM was WORTH A MILLION posts here AND WHAT I LEARNED WAS GOOD. I learned more in that hour or so than I have learned from you gamblers on this site. Most of us (me included) have posted as if we had bought a ticket in the flaming lottery.

BUT MAKE NO MISTAKE, Gentlemen and Gentlewomen, as the gamblers (not investors) that you are, you have nevertheless backed the right horse!! APG is a WINNER.

Why do I say that?

Firstly,

If Mike was ramping in his speech, he has exposed himself very badly.

To go as FAR as he did (having regard to the position he holds) makes it clear to me that the risk/return MUST BE VIABLE. The risk was too great and the return too small if not viable. I have re-read our resident clever guys (Seik, Tewks, Humms et al) and the consistent thread of the commentaries is EVIDENCE that Turb’s ENTHUSIASM was WELL JUSTIFIED.

Either the technology is correct, or, it is not. I watched him very closely for well over an hour from the front row seat which I occupied. He is not gifted in sophistry, he is gifted in his area of expertise. I have made a lifetime of watching evidence in chief and then trying to take it apart. I buttonholed him last year after the AGM and it was pointless doing it again. The result would have been the same.

Secondly,

on the balance of probabilities, an examination of the material from the clever guys, also indicates that the re-cycling aspect works. I am simply not educated enough to know, but, as I understand it, one matter clearly emerges from the re-cycling. It works and is cheaper than mining. In almost all aspects.

Thirdly,

THE TECHNOLOGY has come at the RIGHT POLITICAL TIME worldwide. I do not mean the elections, I mean the concept of re-using resources, and the lower energy/cost input requirements, yet the same profitability (subject to developmental issues)

Finally,

if my (unlearned) opinion on the first three points is incorrect, (and I may well be incorrect) Mike STILL could not have been ramping about the income stream (small but significant) next year. He had to be telling the truth because the last issue is so easy to disprove if it was ramping.

It is fundamental economics that money talks, and bullsh*t walks.

The start of the income stream, is the start of the good times.

One then turns to FERGUS. Mr. Conservative. The underlying message appears to be that if an income stream/viable asset is produced, then other factors including a raise in the SP will take place. And this really is my last post. Have a good one guys.

Conclusion: what I should have said after the AGM .............

BOYS AND GIRLS -

DO NOT SELL. BUY. WAIT. You will be WELL REWARDED.

Sincerely
Spirax.

thank you one and all for enlightening and entertaining me andsorry to be so wordy.

And Flev's view is unquestionably a morally correct one.