Setter,there's been some change in management, over the...

Setter,

there's been some change in management, over the past
couple of years: b. fogarty's gone, c. laurenson (unsure
of his spelling) has arrived. laurenson was at macquarie
bank for a time, and seems a finance engineer type.
court has replaced hewitson: retired politicians on boards
can be the kiss of death. there's the cambridge university
engineering ph.d. who has been on the board for a time, plus bruce thomas. thomas seems to have a good track record as an investor. his continued presence, and that of stokes and macquarie, might - just might - mean that all is not lost.
but having recently sold out of MMN, a truly diabolical investment, i am in a pessimistic frame of mind about GRD.

i know the counter argument: Minproc is going well. but i didn't buy GRD for its resource engineering; i bought it as a standout recycler. that is what Euroz and others used to promote GRD as (these days Euroz prefer to ignore GRD).

failing to pick up any new renewables contract in Britain this year, the fact of GRD having been severally shortlisted is suggesting to me that it is doomed to be
the bridesmaid, and not become the bride. either the technology is inferior to that of rivals, or - more likely i suspect - the pricing is uncompetitive, or some combination of those two.

whichever it is, GRD is leaving a bad, bad taste in my mouth.