Scully, With the new ceo Mike Christie at the helm I think they will report on the visit, but maybe not on the 25th, could be later as it will depend on the decisions by the board. He is doing a report to the board which will determine the future direction in relation to what he has found during the organisational revue and ramp up of the production and improved efficiencies with the feed rate etc, which all amounts to some capex and increased efficiencies at the plant and therefore increased sales. I had a phone discussion with him last week and passed on my congratulations for the information he reported to the market and the manner in which he is adopting a very thorough and professional approach. The information posted to shareholders last week is important in approving the resolutions for the placements at 10.35 c to the institutional investors which is very good as far as the current oversold share price and the price the placement is at. I am voting in favour of all motions and am faxing my proxy form tonight. With the current sp at about 6.1c and the $5m cap raising to the institutional investors at 10.35c, we have to be happy with that I think.
MOO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
