going off - profits and dividend announced, page-2

a quick look at the results, and i am moderately impressed. very strong balance sheet , reasonable price earnings. i just hope that my electrometals , who are in a similar line of business, can emulate this type of performance.

from a recent letter to emm shareholders, i quote the following, and then compare that to something from a hmc report

Our work on the full engineering design of an innovative circuit to process zinc-rich arc furnace dust for Smorgon Steel is also proceeding well, and should be completed by September 2002. A full scale commercial plant worth an estimated $4.0 million, should then
be ordered for construction in 2003.

and now, from a hmc report

DrLakshman said the results reflected one of the company's most successful and profitable years. Hydromet recently announced it has signed a 5-year, $25 million contract with OneSteel Ltd to treat the
electric arc furnace dust produced as waste at the steelmaker's Rooty Hill NSW plant.


mmmm - at this stage, i think that my money should really be on hmc

happy punting anyway