You ask. "What worries you about the shipment going to USA?"
I was at the Agm 3 years ago when all this was first talked about regarding the "green cement products". I even spoke out in support of Vic when the other shareholders did not want to grant more remuneration to him because they could not see the company progressing. I have been in MSC for many years before that and originally bought for the mineral sands side of the business that they had with DRX. I have posted this before, but Vic once said to me, "that is where the real value will be for MSC." That has now all gone, sold to pay for Vic's high wages and perks.
"Also, note that current and past directors in MSC and ACC have bought shares in Rights issue."
At that same Agm 3 years ago the shareholders present got into Doug Sutherland about not having any shares in the Company. They felt it showed little faith in what the management were claiming was in the companies future. They may be buying now but Doug certainly was not too willing to take any of the previous risks that the rest of us have taken. There have been countless promises, hints and suggestions over the years that finally customers are just around the corner, just about to buy or they are the light that you can see just coming into the end of the tunnel. All crap!!. I live in Brisbane so will not be taking up your suggestion to drive out to Appin although I would have liked to have done so. I have always had in the back of my mind that MSC would one day "get there" but it has certainly tried my patience. Personally I like Vic but I feel that he has lost a lot of credibility with some of the announcements that have been made over the years.
Kind regards and thanks for answering my post.
Lockitt
MSC Price at posting:
20.0¢ Sentiment: None Disclosure: Held
