looks good, i'm backing management, page-4

I like your friend's optimism firsttothehole.

The truth is I have no idea how to value this company over the next few years other than to say that it will be worth significantly more than it is now.

Resource Equipment Ltd has recently added new divisions in hydromining, power generation and the oil and gas sector, (which is operating internationally,) so any forward prediction on earnings is nothing but guesswork.

It will be interesting to see what happens when all of their units start operating internationally which I think is the plan.

I agree with you that this is very possibly a 10 year hold (assuming that the company's quantatatives and qualatatives remain excellent.)

High ROE, excellent operating margins circa 40%, a low debt/equity ratio, high interest cover, growing revenues and profits, recurring revenues, world class management, barriers to entry, a superior product and service and excellent prospects for growth.... the list goes on.

I have over 40% of my portfolio in this company and again I urge all prospective investors to spend a short time to read this company's latest investor presentation and annual report.