american depositary receipt programme, page-15

Today's presentation is definitely worth a listen. It removed any lingering doubts I had about the Tata project. DSC steel will be on the market in 2013.

Sylvia was supremely confident. When asked about the construction of the new production line, she said she couldn't speak on behalf of Tata but added 'we expect to be VERY busy in the next few months'.

When asked about the ADRs and her thoughts on the current SP, she noted that in Australia tech stocks have taken a back seat to resource stocks and haven't really recovered since the GFC. In the US market however, tech stocks have recovered well. So she feels the American market is better able to asses the value of Dyesol.

....just a nice way of saying 80 cents a share in return for a slice of hundreds of millions of dollars of revenue in 2013 doesn't add up. Some time between now and then the market will realise it too (triage's tipping point?). It's only a matter of time.