bgd dubai, germany, usa otc and usa adr's, page-23

Good analysis...
Examining now the "Saudi" connection. And of course, the speculation on BGD not being able to in the past, seal the deal. BGD, in my opinion, wants to have a serious go at it, but if market conditions are nt right, they fall back, and continue the company to survive, and return when conditions improve.
The Ipswich location was favored by the CEO of BGD, because it was his hometown, and had a good IN with the people there. But considering what they want to do, there was nt enough land at that site. PLUS, what is the main importance of Gladstone? Pig Iron? Seemless Steel Tubes? While pig iron will be useful to the Chinese market, and the tubes internally and regionally, what else are they going to make there? The "Saudi" connection...has anyone here looked into who has been the largest investors of this company over the years? There are two I can think of, whose names I fail to remember right now, but I can get them if necessary, Arab or Saudi investors based in Switzerland. They have held their stck through all the ups and downs. BGD was to build a pig iron facility, it's why they are listed on the Dubai exchange, in the middle east. They started construction at that site, and then internal government projects fell thru with the collapse of oil prices. They stalled it, then later closed the idea. Now, they arrived with Prince. I don't know personally if the shareholders who have a lot to gain if the company does well did some introductions, but the agreement is if Boulder builds a plant in Saudi Arabi, the Prine will finance this, and the Gladstone project, and they will use Gladstone to support the making of the rails, as, since like 2004, a key year, they have been pushing very hard to build a new rail system, and update the old on the entire eastern side of Saudi Arabia. So, it's not a question of one single investor. It's a matter of a project on the Saudi's side, already 4 years in the works, a few Saudi/Arab investors with real money, as these shares were purchased when they were at their height, not at these bargain prices trying to insure the success of their investments, oil rebounding in price, making the funds mre available, and an Australian company, who does have "profits" in an auto parts company with clients that are not Ford, GM, or Chrysler, that has a serious long term goal to be making a serious company under the best possible conditions.
I personally thought the "good" news wasn't coming for another couple of weeks. Boulder and the investment group led by the Prince will be hosting an internal works and steel conference in Dubai in abut 2 weeks, where they are supposed to be making some announcements and looking fr partners to finnish these plants with. I assume the MoU was delayed so not overshadow the annoucements at the conference in Dubai.
So, that's my analogy.