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Makamai

03/07/09 6:36 PM

#4770 RE: fsmith1952 #4769

The company obviously has a game plan and their following it. It may not be in accordance with your way of thinking, however time will determine how effective it is. So in the meantime we wait, since there is nothing else as investors we can do anyway, and hope for the best. So far my DD has convinced me that the company is on the right course. The company did hit a 52 week high back in October timeframe when all the other markets were tanking. I feel we could be headed that way again. However as I've already said, the market wants to see a source of financing that shows not only Magnum's continuing ability to make buffings, but allows them to expand into more profitable arenas such as making recycled rubber compounds for existing rubber components. I'm confident that's going to happen and I'm willing to wait it out until it does.

Makamai

RichieBoy

03/08/09 8:55 PM

#4771 RE: fsmith1952 #4769

"supposedly" is not fact cleverly stretching it Frank

So in the interest of getting more factual, because that is what this board is for: ...from what I am able to piece together from longs and management combined, is the original nugget machinery received was not producing the right size of granulate Magnum had ordered for many months ago. You having been in business 25 years yourself; I think could appreciate this is possible, and yes equally confounding nevertheless far short of absurd as you allude too.

The delay is two fold from what I have to go on. One obviously the first shipment was unsatisfactory, and had to be reordered and reshipped while the unsatisfactory equipment returned.
Two the new machinery being reshipped is being tweaked by the manufacturer to exceed specifications for optimal production for Magog purposes ( read more efficient than previous order specifications and almost certainly intended to be MORE compatible with SRI requirements for new compounds). There you are sir, all I know as of this moment apart from the timing which I understand is a matter of weeks to production.

Now does that satisfy some of your angst Frank or am I wasting my time and yours old chap.

MorningLightMountain

03/09/09 12:47 PM

#4773 RE: fsmith1952 #4769

The two modes of an industrial operation:

1) equipment running: money being made (assuming the product is profitable, of course)

2) equipment stopped: money being lost

this is why many Cos with large capital expenditures in equipment run 24/7, to get payback for the expense of their machines as quick as possible.....every hour a machine sits idle is one hour of production lost forever.....

short version: time is money, or maybe also "use it or lose it".....

(something to think about)