moving along in png... , page-26

OK...how quickly my sentiment has changed!

Well after reading further into what this company does their earnings potential does look rather attractive provided they can stick to their forecasts.

My understanding at a glance...

Current market cap at 0.3c is $6.8m

EBIT 2010 $3.9m (almost 60% of current MC!)

Cash in the bank - recently raised $1.5m

100m CC registered at $5/credit by end of 2010. And estimated to double the following year

Kind of pleased that they didn't go ahead with the Carbon Planet P/L acquisition. Large CR and avoiding share consolidation means it's a better trade for me IMHO. And cancelling consolidation indicates their confidence in SP appreciation. Also they already have their foot in the door with their current CCT activities.

BTW - That's my 5mil that's almost filled at 0.3c.

Worth a punt at these levels.

Will do further research tonight and post a few questions if need be.

Cheers,

Arkie