meretec buy out, page-6

Mate,

Have a look at the cost of the plants.....Payback should be very quick.......From memory....

Melb & Chicago plants combined under $40 million...(yep, its taken some cash & debt to get to full production & Chicago still ramping up)...I think that's where CMV have advantage.....they have cracked it in Melb plant & know its a very viable technology.....They have cornered the industrial hub of USA & Australia....& now the world (Well UK anyways :)....Asia next ?????

4000T Zinc powder + 220 000 T Meltstock per year from ONLY two plants...... Got to be some profit in there somewhere don't you think ?

CMV getting the placement at 80c is evidence that Meretec have faith in the technology & CMV also....TPI have large holding & are suppling increased volume to CMV = increased profits.....The $30 mill you talk about is based on 80c/ share.....really ..CMV were 50c per share at time so one could argue they are only paying circa $20 mil for Meretec UK deal?

Matey.....If it looks like a bargin....smells like a bargin....tastes like a bargin......

:)

SIMS very big in UK & wouldn't be surprised to see a joint operation or two pop up........?

Very confident re this one ....metals look stronger for longer....$AUD topping out as $USD bottoms......all looking very rosey imo....

Will surely go through a cyclical life like any other scrap trader but CMV very well positioned to negate any downturn with remedial division + Green advantages re Meretec & Mercury + recycling. Carbon Trading is a formality imo...Australia & USA & UK.....etc

Will take a while for new plants to hit the bottom line but Melb & Chicago both expected to add considerably in 08/09 .... & CMV well managed imo.....

Be nice to see a cleansing statement from the co re Moltoni's holdings & what's going on just to calm a few nerves .... management seem first class regardless.

CMV are playing their cards close to their chest & it has worked very well for them getting the jump on rivals for Meretec & Mercury plants.

May be some more down days before end financial year ....

If you're lucky LOL

Luck to ya.....