Another MSC activities report and another truly pathetic result by the company.
The Skardon River plant has now been in operation for over a year and MSC have managed to sell almost no Kaolin in an entire year!!!!!!!!!!
Instead we get the usual mention by Vic of "cash flow break even" in the next quarter/half.
He dangles the carrot of break even in front of you at every opportunity but never actually does anything.
They are still talking about the potential big order but this time they have blamed competitors for not achieved their goal.
I shudder to think of what the full year 05/06 loss will be.
We now await the inevitable share issue and further dilution.
What do others think?
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