whats going on with sp, page-3

Strutter, there are days when I feel like pulling the plug on the company and move on. I don't cause we're on the cusp of something great but I have time limits. I am a holder of a great company, MGX (Mount Gibson Iron), and at some stage will exit MAE and buy MGX who has a proven management team and will be generating earnings per share of 50c in 2008/09, a forward earnings multiple of 5.5, not exactly expensive. Plus the company is a potential takeover target with know Chinese steel mills on the shopping list. MGX annoucements are factual and boring, but there are no surprises. Equally, there are no motherhood statements about "imminent substantial production and cash flow". Just the simple facts and a management team delivering on promises. A complete contrast to MAE. MAE has little time left to start producing and earning decent $'s. They will soon run out of money and another capital raising will not be greeted favourably. I do believe that they are probably generating revenue of the order of $3M per month at present but we all look forward to the next quarterly report to see where they're at. Any bad news will see a sell off. Then it becomes a story of being brave to maintain the faith. We will surely be tested and will respond differently.