i agree pessimism is all around and i am very surprised the...

i agree pessimism is all around and i am very surprised the price is this low as i have bought much higher and much lower so still ahead but feel for those in the red currently. yes the refurbishment will be a game changer IMHO when we can show that we can not just buy a plant to be a producer but upgrade to increase our profit. if we can increase to $7.5 million that is approx 1 cent earnings per share from Pittong alone, 15 million would be 2 cents and so on. The jewel will be White knight in WA and all the experience we are accumulating at the moment with the upgrade at Pittong will be easily transferable to WA. Currently there is 1.2 million tonnes of Met kaolin used in Oz, all imported, costing about $500US per tonne. Green concrete is going to be a reality. If we can take 200,000 tonnes of the market that is $100 million. Currently concrete producers use klinker as a filler in concrete at approximately the same price. So no cost differential for them but CO2 reductions up to 40%. How good is that? Depending on who wins government there may be quicker and bigger mandates in CO2 reduction and we would be a great beneficiary of that.
Yes it is very hard seeing it in the red and IMHO ludicrously cheap prices but as a Billy Joel fan, i am keeping the faith