sandys hot plate and grill stocks , page-6

Hi white pointer

If you talk to management about this they would agree with you. The old saying "promised the world and delivered an atlas" may have been appropriate in the past. At the encouragement of another poster with similar sentiments to your's, I raised this exact point with Cedric. In the past they often used contractors and were let down more often than not. You could point to management and blame them and that would be fair.

But part of the teething process in working in another country and culture is to find out how to do business effectively. Sometimes you have to find out the hard way.

Now they "do everything themselves" and that way they control the process.

I guess I'm lucky in that regard in that I have only been looking into NSL since early December and have only been buying since then. I have no baggage as they say.

From what I have heard in a couple of upfront conversations with management is that they will have a plant running as detailed in ASX releases and that they will be putting iron ore through that plant as early as the end of March and that they expect the plant to be at steady state by the end of June. Nothing ambiguous about that. And, if they can do this, the share price is simply wrong at these levels.

You are clearly unprepared to back management where they stand today. I am prepared to back them. One of us will be wrong and if I'm wrong the share will go back to it's recent lows (perhaps more). However, if I'm right and Cedric and his team do achieve their dreams (remember Cedric has 21,5m shares) then this is a 5 bagger plus over the next year IMO. Many multiples of that in the longer term.

Clearly time will tell.

Thanks for your comments.