look at poor ago AGO now, smashed again today, 22% down just today, and about 75% down off recent highs, and they STILL sit at a MC close to twice NSL's and won't be making a profit for at least a year and could still possibly face administration down the track, IO profit margins of $6 p/t and dropping, will have net debt of over $50m once their next project is paid for....
and here's little 'ol NSL with no debt and great profit margins on the verge of 24hr production and huge NPAT's......watch them flock to us once those PO's and cash starts flowing...people will then look at these share prices and say wth why didn't someone tell me about this growth story as they're fighting with fund managers for large parcels among slim pickings of shares that will be up on offer, or they'll look back when the SP is above 20+ cents and say 'if only I held, I had a sheetload of shares in the 3's'
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Ann: Strategic EPC Cooperation Agreement, page-222
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