Well here we go again folks. Another postponment. After being...

Well here we go again folks. Another postponment. After being told at the Gold Coast that the first shipment would definately be 2nd quarter we are now being pushed back a further quarter. September quarter is almost 12 months away.

For a growth stock the track record is abysmal. Im getting a bit disenchanted with this stock. hardly anything has run t schedule. Original date was 2007 and we are still waiting.

Major shareholder Ansteel probably doesnt give a stuff but smaller founding shareholders are trying to make a living and the only way lately has been to sell short and try to buy back.

With no dividends in sight for a long time doesnt seem worth holding.

Ansteel directors and management are all being paid hefty salaries and bonuses a postponement probably doesnt hurt them.

Now Ive had my rant I feel better but still pretty dissappointed in this stock. Nothing promised has been delivered.

Cheers
Gmac