Monday, July 26, 2010 9:38:18 PM
He made improvements and also created some serious stepbacks.
This is clearly one of the best FR's we have ever been given but still holds back pertinent info.
Don't want to spoil the moment so I will comment on positive developments.
Having our equipment centralized for maintenance and distribution close to active sites with completed roads to those Projects is clearly a first and is a huge achievement.
We had 2 wash plants and at least one dredge that did not get placed or Operational in the first 3 months of this just past dry season.
It could have been well after that before they became Operational.
Having said that rapid deployment and Production capabilities starting in Dec of even the beginning of Jan would be a huge step in the right direction and would add credibility to the company.
It appears like there may be Profit in farming after all if there are actual buyers for our surplus crops.
One should remember however that much of our harvest is used for replanting purposes.
The Biomass opportunities need to be clarified.
We know that the forward sale of our CC Projects can reap 8 digit income and that lumber , pulp paper or heating fuel Revenues can be gleaned from initial harvest but the Biomass prospects are rather hazy.
One of the key tidbits not shared is whether we have a mobile processor producing with the current dredge in Operation and if the other will be used in conjunction with another dredge.
I agree it is a very good FR but I am not going to thank John for doing what he is supposed to.
If he doesn't take credit for dismal communications should he receive cudos for doing his job?
Rumour has it John is looking for financing.
If that is true he should have put the FR out as a PR and reported Revenues in July and Aug.
If shareholders want to be kept in the loop what do you expect creditors will demand?
This was a good FR but I have no reason to expect less unless based on past experience.
Still room for improvement but clearly making progress.
eye
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