How many of the things mentioned in this excerpt from the last Quarterly Report have happened so far? Not many of the long-term holders who watched the SP go from $1 to 10 cents are going to be super keen to sell now when there are big announcements around the corner re glass sealing and the 3 major projects.
"During the next quarter significant updates are expected in relation to all three major projects - Tata, Pilkington and Timo. We have sometimes been optimistic on timing, but decisions at the multi-national level are largely beyond our control. The formal deadline for an announcement on commercialisation arrangements at Tata is July 31, having been revised from May 31 due to a slight delay to completion in 2011. What provides us with great confidence on a positive resolution to all such discussions is that the fundamental technology is responding to the key competitive challenges in a very dynamic market. In that regard, long-term R&D efforts at Queanbeyan and with the EPFL are beginning to translate into very meaningful and measurable results. With keen R&D focus in more recent months, breakthroughs in glass sealing and solid-state technologies appear imminent. Rather than seek lesser challenges and lesser commercial opportunities, Dyesol and its partners have persisted to meet the greater demands that BIPV presents - still the "holy grail" of the solar industry."
GSL Price at posting:
44.0¢ Sentiment: LT Buy Disclosure: Held