How I feel after CC...No negatives, not a ton of info concerning current qtr earnings guidance or outlook (they never do) but there were positive comments on the future execution of there plan to continue progress that has been made. Also good information concerning how the steps of the JV will progress. Key for me is the fact that they will be moving into a temporary production facility, while construction begins on new facilty. IMO that means product delivery will happen before new facility is finished, thus satisfying the requirement in order to receive the additional funding from the JV agreement. Also mentioned that they will be beginning the hiring and logistics process required to get production underway. (I am guessing that is already underway in some form)
PPS outlook...possible early attempt tomorrow to drop us lower but I think we will grind higher 2.50-2.75, possibly higher, by mid-March.
Right or wrong, I'm on the record.
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