Hi kcheers, I too might buy more but it won't be until the...

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tezjm

653 Posts.

30/09/14

13:55

Post #: 14049323
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Originally posted by kcheers ↑

Not being a sophisticated analyst on this stock. Being already in deep and never sold in aprox 16 years of holding and topping up. Where to from here?
1/ Maybe we are really close and hopefully a signed agreement of funding will occur to finish the plant through to operation and then income from Bluescope and others. I cant get over the fact of understanding the first quarter of this year was the expected completion of plant from last AGM.
2/ During this stalled time with raised capital used to fund leave and salaries and company expenses. I would trust that the company fully understands its work program and costs to completion and have plans for processing material etc ready.
3/ This company has been in a worse financial predicament previously and I trust will be sure to keep head above water.
4/ MT may want to retire at some point and has been involved from the mid 80's. Im sure he wants to see this dream be completed and successful. Im sure his potential retirement comfort would be enhanced. Nonetheless, on such an income to date, one would think there would be significant savings already? One cannot assume tho with options taken up etc.
5/ Is this a takeover opportunity? I guess not by Bluescope, but others? It would have to be a forced one as i dont see management allowing it too slip from their hands so close to completion. Also, this may not then have the backing of key staff whom are holders of the knowledge.

My gut feeling is that management share in our frustration and will want us confident from the AGM and mid 2015 we will see operation of the plant. We can only hope it will work and work with efficiency. The technology works but the plant may be troublesome?
I may buy more to average down. I think the risks are more known now than several years ago.
Others thoughts?

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Hi kcheers,

I too might buy more but it won't be until the funding agreement is in place and I am confident about the ongoing viability of the company.

Tez.

APG Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

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Hi kcheers, I too might buy more but it won't be until the...

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