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Re: Ecomike post# 16467

Tuesday, 10/15/2013 10:39:32 PM

Tuesday, October 15, 2013 10:39:32 PM

Post# of 85935
Thank you Mike for your time and will to elaborate on Mantra's prospects and technology.

I admire your bullishness, and myself am quite bullish even though I'm still not a shareholder.

If I may ask you (or anybody for that matter) a few more questions that arose after reading your post:
1) Do you know how the relationship between Kemira and Mantra looks like? I am not sure I understand how 2 companies that should be competing against one another are co-operating?

2)I found on wiki that the average price of formic acid in North America is around 1250$/ton, and Europe is 800$. BASF just opened the ONLY facility in North America producing this chemical. The price of this chemical will definitely fall. How is Mantra going to compete if BASF took pole position? How will their 20% margins look like? I hope that they don't only depend on tax credits.

3) If CO2 emitted at the Lafarge plant will soon be used by Mantra, do you know if the agreement between them is available to the public? I wonder if Lafarge will just give Mantra anything for free or just to evade co2 taxes. (I would probably want a piece of their pie as well.)

4) How many phases are there going to be before the Richmond plant is fully operational?

5) Being the rather novice "trader" that I am, I can't help but feel slightly frightened by looking at MVTG's 1 year price chart.
It's hard for me to understand how from 2-3 cents (on high volumes) the company went to 20 and now hovers around 10. The price jumps also don't correlate with any relevant PR's ?

Thank you very much once again and please don't send me a bill!

:)
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