Replies to post #2947 on Recyclico Battery Materials Inc. (AMYZF)

[2guys]

I agree with you on that Joe, but I was hoping that Jim Powell would have something to say on his target back in May 2011, and I'll tell you why.

Back in March 2011, AMY closed a bought deal financing through Laurentian which sold those shares to investors for $0.70 per share.

Now at the time Jim Powell was Laurentian's analyst and provided coverage for AMY and issued the "speculative buy" recommendation with a $2.90 target in 12 months bringing us to May 2012.

I would hope that the responsible thing for any analyst to do so as to satisfy the investors who participated in the $0.70 financing last year, is issue some form of opinion on whether that target should be re-evaluated due to current conditions.

For all we know he may still believe AMY will reach that target, who knows. And since Jim Powell is no longer with Laurentian but is cunsulting AMY I believe, a simple evaluation/re-evaluation on his part may be warranted.

As far as the longer term potential, I believe we could see blue sky within the next 12 to 24 months. JMO