hartleys backyard i hear?, page-24

daveg

when I called TB last week, obviously discussion was around at $8 per kg (he mentioned sometimes can make up to 10-12), the business is definitely self sustaining.

I mentioned given the current market condition, most companies would prefer to have a little more room with their cash levels (goes without saying I want him to put my name down if he intended to do a small raising just to feel comfortable)

TB made his intentions very clear, ATC is just at pilot ramping up stage, the business is already self sustaining & he intends to keep it that way for forseeable future. said I wasnt the only one who called him to ask about it, many brokers did & they all got politely asked to just buy on market.

well I kept pressing him for it, he mentioned if it has to happen, it must be for a good reason & he wouldnt want to do at less than 5c, which is the same price Hartleys assumed the other 40% of ATC would be bought at, and there is no guarantee it would happen.

mentioned they are running a very lean business, no flashy CBD office, shifted to an industrial complex miles out of city & everything else you can think of.

take it all with GOS but I reckon the intentions cant be any clearer.

now running it tight does carry a degree of risk, fingers crossed the next couple of campaign runs go smoothly, some good signs early on thats for sure