Never been a holder just been keeping a close eye on them for years....even called up HQ in Cairns a few times (couple of years ago now when they were in the mid 30's) to ask some critical questions.....which weren't really answered to my satisfaction - thus me never being a holder......
And you know - I've even asked about the much spruiked "Swan River" plant here on HC a few times and no one had a clue about where it was or what it was....just kept getting ignored.....so I eventually tracked it down myself and discovered it was just a small hole in the ground a couple of hours east of Perth which a front end loader had dug some samples from and MSC announced it as "High Grade Kaolin"....So much for the "Swan River Plant"....
Re Google I wasn't actually researching the company - I'd already done that...just the product and the market...and guess what...all I saw were layoff's in the UK and layoff's in the US and dire predictions from the CEO's of those Co's at shareholder meetings...cos demand was on a downward spiral and prices were tumbling....I downloaded and read their speech's several times over - and to give them credit they told it how it was - basically "Sorry folks - As the CEO of this Co - I have to tell you the share holders that this industry is stuffed" - and I'm talking mega operations in the US & UK !
What really get's my goat up is when management still spruik the same "Big Contract Next Week" BS announcements they were 2 years ago...and 2 years before that......check it out if you don't believe me....Sorry to be a cynic but some people are making money on this dog at the expense of the "true believers"
MSC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
