Not planning to nit pick plonks, and i'll obviously respect your investment decision(s).
However, the forest products sector is, i guess, what's improving my outlook on fea. Since Jan 09, production has ramped up + 67% at June 09 + 100% at Aug 09 anticipated to be + 133% at Nov & Dec 09!
Then checking the income / revenue side, this sector is ramping up to overtake and possibly dominate over the previously dominant m.i.s. sector. I certainly would like to see a radical improvemrnt in the profitability of the mill, and we should have evidence of this by the agm in nov, i'm assuming.
On the Cash ~ Receipts for cashflow purposes, by the way, averaged at $12.19mil per month in the 08 year, and then averaged $14.65 mil p/mth in the 09 year (with the declining mis contributions!). Guessing that the mill will add to these values again, going forward, by judging the increased production levels. Reasoning for doubt that c/flow will not create any headaches. MIS will just grind away, until the Senate enquiry concludes, imo.
And finally, the production of the mill is meeting the demand ~ i.e. what's produced is being sold! I like it, I like it alot!
Cheers :)
FEA Price at posting:
16.3¢ Sentiment: Buy Disclosure: Held