bounce or trounce, page-5

Niqo

We don't all agree this company has a great future, that is your belief only and perhaps some of the holders no doubt.

Furthermore, its not worth what you paid for your shares when the sale prices were $200kg or $150kg or $100kg or $80kg or $60kg ...now $53kg

The estimated dwindling sale price of the product you produce hurts your bottom line, even moreso when your costs have blown out, and cash is being burnt while in standby mode for a lengthy period.

That along with no income to show for a $1.3bln market cap.


FOB China prices

2011 $147.96kg
q1 2012 $92.20
q2 2012 $63.00
yestrday $53.11

China domestic prices

2011 $55.44
q1 2012 $41.98
q2 2012 $37.74
yesterday $30.08



The management need to shut down the company completely, and put the plant on standby mode with very limited staff (if any).

Stop the cashburn, stop stage 2, and get answers from the AELB as to the timeline to issuance of the TOL.

Without this, they are like deer with no eyes... no idea.

Step 1 Shut down the plant (management income halved)
Step 2 Get AELB answers as to a timeline for its holders
Step 3 Look at relocating the plant, a country out there may fund the costs to move the plant in lieu of a partnership agreement.


Got to be seen to be doing something.