Ive been a large holder in this stock for years and have...

Ive been a large holder in this stock for years and have followed it closely and had many discussions with shen and other directors. I do believe that the bid will be reinstated as per the 35c prior level as he really wants to privatise the company to later realise its true value and the net cash flow return will more than satisfy the new debt levels . Stage 4 will be complete soon and much greater volumes at higher margins will continue to build on the outlook for this essentially stable and reliable company.

35c is very cheap given the aussies paid 50c to finance his venture and have suffered from reinvesting the cash flows ( mostly) back into further expansion of the company .The 1c dividend on the div reinvestment scheme will give Shen an even greater share of the pool as per last time when he reinvested at 8c..

I know Ill be reinvesting the div to maintain my voting share which as the associated parties are excluded is leveraged more and more as Shen and associates share expands ..

This stock requires patience but I expect all to be resolved in a few months