If this is all we have to deal with, fine. But should it turn...

If this is all we have to deal with, fine. But should it turn out to become a never-ending story of delays and more delays as is the case with one of our better known competitors, I would take my money and run. I am referring to Hazelwood's ATC division which in April of 2010 had announced it was going to build the largest Ferro-Tungsten refinery in the world outside China, ready for production during Q1-2011. And I feel with every single press release shareholders had to learn there were more delays and problems arising on a routinely basis. As it turns out the refinery that was supposed to be in production half a year ago, has not even passed "cold commmissioning", with hot commissioning depending upon the purchase and installation of the inner refractory liner and a couple other things. In other words: If and when the refinery will go into production is pretty much unknown, half a year after it was supposed to be in production already.

Certainly, tungsten prices are in striking distance of their record highs and half a year is not the end of the world. But have a look at the damage this disaster has done to Hazelwood's credibility and accordingly to its share price! I am not going to live through an experience like this again.

As you can see, I am showing an alleric reaction, indeed. Sorry for being edgy but once burnt, twice shy.