"All major debt is provided by related parties .As such ACE is reasonably protected from unexpected and unrealistic demand for the repayment of debt." Thats plain and simple to understand. With global momentum for gas vehicles (US bill 1835),brewing problems in Pakistan/Iran weighing on oil price, availability, potential hostilities.I can see this share price multiples above where it is now.The directors are voting with their wallets and reputations through Norvest. We have about a million dollars to come in soon from the IVECO injectors deal financed by Norvest and I think was due about now.YES WE CAN DO IT. ....survive.
"US to cease importing oil in ten years" Obama. There will be pressure politically on Rudd's mob if the US make the bold moves.We will be falling behind{as we are} on the whole energy debate.Libs will pick this up.
ACE Price at posting:
4.7¢ Sentiment: ST Buy Disclosure: Held
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