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Alias Born 07/11/2014

Re: spencaround post# 5680

Saturday, 07/12/2014 3:36:18 PM

Saturday, July 12, 2014 3:36:18 PM

Post# of 63744
I checked your all posts that were all in BAA, not else, indicating you liked BAA a lot until July 10th. As you, I also like BAA a lot, but I still like it.

We all disappointed somehow, but the Namoya issue is understandable if a person lives in real world, not in purely theoretical world.

You are right that the New Namoya Mill is basically not able to work at full capacity. But what does the Commissioning mean? it means to test if the plant works as expected (theoretically). The results should have three possible levels: the best is exactly as expected; the acceptable one is OK if with some modifications, now we are there; the worst is totally not working.

You are right that they are having to spend 22 millions more, but for a construction that costs hundreds of millions and generate hundred million revenue annually, construction money costs 10% more or 10% less should be very normal.

You believe Clarke made the mess and then blames previous management. I am not sure for this, but I believe Clarke based on the previous CEO termination. We did not know the reason why the previous CEO was fired. The big institution investors should know the reason,they maybe also know the potential Namoya issue. You should know the final decision of a company will be made by the CEO although other persons can give some suggestions.

I never think I can get BAA shares below 0.40, I will use the chance fully.
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