The last few announcements says it all. One, testing by major end users happening and complete within several weeks leading to orders. Two, Vic makes a placement in the U.K for $5.4m of ACC valuing MSC's holding of ACC at 5cps of MSC. That leaves MSC with an extra $5.4m of cash to roll out production of descrete with money to spare. Three, Vic buys, on market, 3.2m MSC increasing his holding to 59m shares. Now, would he do that if he thought MSC was not a going concern? OF COURSE NOT. They are producing descrete at the moment from the main plant for serious testing I think (by users). They are also looking at building a blending plant in Sydney to take advantage of all the flyash from the coal fired power stations in the Hunter Valley. We ship the descrete powder and Kaolin from Skardon, blend it with flyash and ship it out from Sydney. My feeling is that given what I have said above MSC will take off within a few months. I know I have been positive before but everything seems to take longer than you expect and I have just got the timing wrong. Given the ease with which shares were placed in ACC this can't go wrong. (I have over 20 million shares).
MSC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
