An announcement comes out about successful production of superior quality cement from our Chinese blending plant with distribution to customers for final testing and the sp falls 5%. This is also against a background of New York posting one of the largest one day gains in history. But the All Ords did fall today too. Doesn't make much sense.
The testing should only take a few weeks and the orders will start coming in. We've been behind the eight ball because I think some time ago Descrete stopped supplying the binder and we weren't able to supply bulk samples to customers. Fortunately DDW came up with a binder of similar quality and since then we have worked on supplying from China. Since the binder is different we have had to give all customers the chance to retest. This is what is happening now. This announcement stated how good the cement was and I expect orders within the next few weeks.
This really should be start of a rerating in a few weeks.
Here's hoping MSC will come good at last.
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