back to before?, page-58

ColdH.......LOL

This commodity price is the BIGGEST factor by far for this company.The lower this goes the less they make, OR more they loose!

SOME of the Pen production is hedged and to my knowledge NONE of Ferriera is.

I said many times warning bells would be ringing for me if it broke $100/T and the breaking of $90/T was the final straw.

Out for now with a rather substantial tax loss a few weeks ago.Rolled whats left into a goldy.

Unfortunately, as said by someone else, the desperation beginning to be shown by the company in raising cash with the last two funds doesnt help confidence.The Euro situation just goes on and on battering world market confidence and most commodity prices and is killing demand for Chinese goods.The South American deal is a good move to a higher margin product.But is it too late?

Hope things turn for the better soon for those keeping the faith but the World issues looking like they have months to play out as well as much more action for helicopter Ben's and the Euro printing presses.

Good luck all.

d.