Theoretically exciting, those numbers appear TOO GOOD TO BE TRUE, which is a bit unusual for Levy's gneeral habit of saying very little then delivering an Ann that has some meat in it.
This raises more questions than it answers...
- 3 years to pay back capital costs for refinery...Cap Raise? How mnay years til commencement?
- Hewson's Corethane technology is based on 50 year old tech that never made it to commercialization; not a sound investment on this amount of information. What's changed for Corethane tech in the interim?
- As expressed by all previously, who owns what here? What exactly is ABx's a) involvement and b) commitment ($)?
- When would market eventuate?
Can anybody who's communicated with the company shed any light on these questions? (Please).
I'm tempted to take my small gains and go until there's more clarity around this, based on my general principle that I don't like to invest in companies run by politicians, don't like rampy generalistic announcements that imply blue sky without outlining costs (time and money) and ABx already has one polly with some interesting history on it's board.
Looking for more information if anyone can assist, thanks in advance.
ABX Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
