mhm`s managing director`s agm speech, page-36

Mr Partridge

You posted

"Then couple that with Moolap earnings for 1st Q 2012 and the market should be able to join the dots (ie it may not rerate on the day but the next 3 months the fuse will be lit)"

Do you believe that MHM will deliver 1/4 2012 earnings from Moolap at capacity ?

or

Are there other areas that not to be ironed out before pessimists like me can actually get to see revenue and profit numbers that could be relied upon as being an accurate indicator of future revenues and earnings ?



I accept it is possible that all the dealys have clouded the real picture in respect to reported revenues and expected profit .

I hope you are right and the 1/4 2012 is the quarter when one can see if the 14m or even reduced 8m estimates are possible

If they do not there must come a some stage when one can re calculate what a full capacity plant really means to the bottom line .


I am watching and looking for a re entry at 55c