Hi MrsSmith, Finally someone on HC that actually cares about the fundamentals of this company and not just the charts!!!
I always suspected that Vic & co rushed out the September 28 announcement re the 5,000tpm order to get us all moving re the rights issue.
The only positive we can draw is that they will have around $5m in the bank which should keep them going for around 6 months. In that time it would be expected that they will sell their share of Cominco raising a further $4m, again buying them another 6 months.
All in all the new guy has 12 months to make something of Skardon. The big question is can he do it considering that Vic & co have been trying for years?
I wouldn't hold my breath about the proposed AIM listing or the listing of CCG as they have been talking about these proposals for years now.
Do you think they misled the market with the announcement on September 28?
MSC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
