Ann: AGM Company Update, page-37

I would expect to see organic growth through resource recovery and refurbishment. It sounds like this is what they are counting on. With packaging, my understanding is that growth by acquisition is more typical. My thinking is that organic growth in the abovementioned will become evident over the next few years with greater access to OEMs and expansion into Europe. Also expansion of tonerplas in Aus and eventually US. I think the recent acquisition has actually increased the prospect of decent organic growth. Presumably they will need to raise to fund this growth at some point; hopefully at an increased valuation. I see the packaging as money printing for the near term which will reduce in importance to the business over time.
What do you think? Way off track?