starting to look good, page-46

re: no green bottles cso1 CSO1,
thank you for your response, my post provoked a not un expected response-well written, but misses the crux of the matter.

Japan being an enduser rather than a processor of tantallum is not relevent.

The recovery of the Egyptian economy is warm fuzzy stuff. Would have expected someone to pump the IFC line but no-one feels confident with that one to comment(yes they do provide mining finance and yes it does take a long time to eventuate, but the Loan Arranger has not given any hints that he was heading in that direction-would have been my first port of call for what it is worth).

Users invariably feel more comfortable with known producers, particularly so with exotics as the delivered product will invariably have marginally different metallurgical characteristics. At the cutting edge of electronics, these marginal differences scare the processors in terms of quality control.

The Chinese are more adventuresome , and with around 15% of the market they have already demonstrated an appetite to open up new supply sources in other sectors of the mining game-this may be another opportunity ,but once again , no-one wants to comment.

Now reality-the main players are still dancing with the SGW carcass. They (Cabots, Stark et al) have an ologopolistic strangle hold and have no need to fund alternate supplies whilst they have the administrator of the dominant producer by the short and curlies.

Once the carcass has been purged, (in many months time?), the game MAY change-not WILL change.

From an investment point of view quo vardis?

The pudding is low on cash, has not got its extremely highly leveraged financing in place despite considerable time delays, may only have FMG type offtake agreements (now you see them ,now you don't), lacks management expertise in mine development, has the MD and substantial shareholders letting a few fly onto the wind every now and then, makes announcements on side issues rather than the main game,has a very illiquid market in terms of share turnover, has a 'c' grade London broker on AIM............

There are better risk reward scenarios in the resource sector.

Good night nurse.......

Cheers,TAS