All things considered now that I am awake again, have decided time again to build up the core looking for the next 20 bagger out to "megabear D" likely peak some time 2011/12 (personal/GORM)
Shiite did I write that last nite haha ........
There is a fine line between piracy and legendary heroism. But so long as the pirates have their cash cajones on the line next to mine, am happy to join the dark side haha. U know what a punter I am.
Market cap now = 22 mill with abt 150 mill plant share and USD 60 mill debt (?) tho covertable to equity AT CMR'S CHOICE Mr 2ic ... there its in writing !
At 42c market proforma market cap atsay 300 mill shares = abt CMR plant capex share with debt mostly wiped out (?)
A share issue at higher prices to nebies or now to us would prob make up any other negative cashflow bits to get us thru the storm.
Post storm and if HNC take it to next stage, we would still be heading for a bill market cap for mine ... in CRB third primary if u still believe there WILL be a world worth living in.
Fits with my GORM expectations and reward / risk profiles hence I change "none" to "L/T" buy again.
GT must have a big pix to show and tell hence the personal invite to attend EGM ??????
Its all called speculation aint it. I dont care if we go C and M to take place opf recent S and M so long as we have no DEBT BURDEN death spiral daggers overhanging.
GT /HNC at 40% of a shipshape Ark is better than being included in the increasing number of shipwrecks this intensifying global storm is producing ...... gives them INCENTIVE to get it right ..... for all of us.
ALL personal and looking for a 3 buck target ahead in the mid term CRB third primary ahead (?)
IMBOOC
CMR Price at posting:
15.5¢ Sentiment: LT Buy Disclosure: Held
