I don't have a problem with the pilkington model. It is definitely a good idea to be involved at a technology level rather than at a manufacturing level. If it all comes together, then I agree DYE will have a huge cash cow on their hands.
My issue with pilkington is that I don't think it will save us if Tata does not come through. I see some people here talk about Pilkington as though it is as close to providing revenue as Tata is, and I just do not see it that way. I think it is years behind. Years that I won't wait, and that DYE may not survive if they can't raise more funds.
If Tata goes ahead, and I am still confident it will. Then those years will be easily covered with our steel revenue, but for my money, it all hinges on Tata in the short term, and everything else can be ignored.
Basically what I am saying, is that I wouldn't buy or sell on Pilkington news, because it may mean nothing without Tata.
GSL Price at posting:
68.0¢ Sentiment: Hold Disclosure: Held
