And your point is Good Oil? Andrew Forrest happened to have also...

And your point is Good Oil? Andrew Forrest happened to have also been a Director, indeed chief architect/promoter to Annaconda Nickle - more than one investor out there made the mistake of discounting his failure with that company as being a good reason of staying out of Fortescue Metals.

You make the error of comparing two disparate businesses that happen to be involved in the Chemical industry as though they are equivalent business. It's like comparing Fairfax with Facebook, simply because they're both in the Media sector. One the surface they appear to have things in common, but if you get down to the nitty gritty, you'll find they're operating under totally different business models.

In your "in depth" comparision you have one is a business that involved producing a key ingredient to Al smelting, yet which never got off the ground - not too surprising really when it can be easily and cheaply produced in such quantities in the Northern Hemisphere via production facilities that offer such vast economies of scale and at such a low cost that there has never been a need for a production facility in the Southern Hemisphere.

The other is a business that also happens to be involved in the Al industry but happens to own/control industrial intellectual knowledge that enables it to process harmful by products of Al smelting - so much so that it is economic to the previously buried waste out of the ground to process and sell for $'s.

Your foresightedness with where MHM's shareprice is currently languishing has less to do with being some sort of prescient genius and more to do with the simple luck of making a negative call on one particular stock in a market that has gone to hell. If you're so well researched and well read perhaps you might take the time to read Nassim Taleb's "Fooled by Randomness" - it is filled with the sort of specious reasoning that make up the majority of your arguments.

Neither you or nor your sidekick have come up with any reasoned critique of this company that can't be explained by the dreadful market conditions. Occam's Razor suggests the simpliest answer is most likely to hold the most truth - ie is MHM being run by incompetent fools who can't get a project off the ground and are pulling the wool over thousands of investors, not to mention Alcoa's eyes, OR the market is crap so MHM has been pulled down along with just about every other SME Co?

As to where the price goes from here today or tomorrow - the market is a random walk, and it is a fool that tries to predict it. What I am interested is where it ends up in 12 or 18 months from here, and in that respect I have a lot more confidence that it will be higher than here.