to hold , page-6

big market cap now with 254m shares fully diluted!!! Granted a lot of revenues in the pipeline but with that a lot of expenses, and you need to discount that 700m to be received over 22 years into a present value.... without grants there is a real chance the cap ex and expenses associated with this result in a loss.

With current contracts and MOU's I can't see how this company will every pay a dividend. I love fighter planes too but that's not a good enough reason to punt on them.

Maybe some government grants because they'll provide provide jobs for the community, good R&D tax concessions (no good without profits), but dividends? I don't think so!

SPP heavily oversubscribed because it was a capital play with a good story behind it and the timing was excellent.

If you can make a small buck on it I'd be selling, better contract companies out there in the mining industry (expecially services) that don't need to lash out as much capital and expertise on such a specific project. Unless of course they can get more JSF like contracts and my sentiment will change.

I ran the ruler over this company because I liked a tipsters other punts in the Jan comp and the contract $'s being mentioned (as well as a sucker for a fighter plane story) - SELL in my unbiased opinion