RE: MarketsFri 19:04
@mcfcnige,
As I understand it the peakers can run on bio fuels with some conversion and it maybe that they are considering doing the conversion as part of the plan, that may well placate the investors that don’t like fossil based production, so just maybe that’s what they are considering. I do agree that it would be very positive for the share price if they were to sell one of the mines and then dig the other but my honest worry is that if they do that, someone in the company may well try to milk the monies off. So although it might give a sharp rise in the SP I think in reality it won’t even do that right now, the markets are in free fall and they are readjusting prices, so even good news right now can have much less an effect than it would have 6 months ago IMO, so again I say, I’m just going to sit back and get on with life until the markets find their bottom as only then will I evaluate if I want to buy more and cross the TR1 requirement. Your points regarding FGS are well made and I do unfortunately agree although I do think the issues with not completing deals is that of certain members on the bod. I do also think we need to give them some space and I know that statement will annoy a few on here but having been invested in the old company and having seen it move and adjust like it’s dancing on fire, they do seem to have found some strong business foundations and they are building things up from scratch and they do now have asset value on the books, so I’ll give them time, but I for one will be watching the cash burn and I’ll be expecting justifications for any additional spend. Don’t like their current debt levels but the assets should cover liabilities for the foreseeable and with the investors onboard I’m happy to wait.
GLA
TLM