what’s the secret of a great marriage?, page-3

Hey Hotty

I think we shouldn't underestimate the value of the geelong plant. The $8m ebit is worth much more than the pure dollar value. It will gain significant coverage if we are generating a reasonable income from toxic landfil and it will also bring on new investors as they can easily see the connection with a profitable business in Aus and how much more it could be worth in the US and beyond. So while the well informed investors can see it is a test, for us to attract a new crop of investors it needs to profitable and functional for the sp to rise significantly again. By the sounds of it this could happen quite quickly as if they can get the deal done with Alcoa to treat their landfil and then they get the financing sorted for the US, then we will be in a much better position. Not to jinx it, but this seems a lot closer than it was two months ago.