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Thursday, June 25, 2009 5:22:04 AM
Sorry I didn't realise that this PR had been sanctioned by the state of Georgia - or has it?
There was no quote included in the statement from any state of Georgia recognised officials to support the PR, as ever there is nothing other than some well chosen words and we are all supposed to get excited. What we do know is this article appeared "recently" in Forbes magazine, my question was how recently? If it was over six months ago then it is conceivable that this has been in the business plan for NFI for sometime however if it appeared only in the last couple of weeks haven't they done well to get all this together in such a short space of time; particularly as it seems to take them months to do anything normally.
As for all the Tax breaks, stimulus money, etc. don't the regulating bodies who give these out have to see some form of proof that the company has the ability to deliver or are we still living in DeLorean times?
As yet there has not been one shred of evidence that this company has produced one pellet never mind millions of tonnes and until that happens each PR of similar vein will continue to fail to stimulate the market.
As allwaysright said recently in a post something along the lines of "if Molen keeps producing PRs of this quality we will go bankrupt" - this is another of that ilk IMO
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