possible share offering or another investment?, page-2

Hi Jaws,

My understanding was that the refurbishment would be done by April/May and that it would be then commissioned and cash-flow positive by July.
I think the quarterly isn't clear in its wording (perhaps written the morning after an Australia Day party?), but could be interpreted in that way. Otherwise there has indeed been a change in the time line, which would be disappointing after last year's good effort at keeping on track.

Once profitability is secured, APG would then be self-sufficient and able to focus on the bigger game of the 60ktpa plant.

Personally of course, I would have been much happier if all this had happened 12mths earlier. I sold a few recently (I felt that eating occasionally wasn't such a bad thing) and normally this would trigger a major jump, but this time even that didn't work - must be bad times indeed.

sasa