James Marsh - MD Interviews, page-98

My key takes of the interview

1. AK did stuff all research and knew very little which is great because it confirms exactly what James has been saying in that insto's don't understand what we have.

2. No need for share consolidation.

3. In 2.5 years JM has increased value 80 fold.

4. Capex as we know is stuff all an d should be financed. Listen to AK reaction to $28m. I have a potato grower spending $35m on a processing plant. Got to be debt funded.

5. Concrete product price seems to have reduce as $1000+p/t mentioned twice along with coatings. They have been kept in separate price structures until now with concrete quoted at $4000 previously

6. Choice between 100k-230k tonnes p.a.
Certainly hope we are aiming at 200k.

7. Huge margins & dynasty company

8. Poochera Pub value to increase significantly

9. Significant SP rerate just beginning

10. ASX300 listing would be icing on the cake. Currently no insto investor and they will have to buy on market. Most other mining companies they get a chance at cheap shares when capex funding is required. Cant see that happening here.