Just realised this morning that Moulin is actually the co-founder of Maoming. My previous comment was based on reading lmhardy's comment. Seems to put a whole different slant on things in terms of ensuring that those convertible due Dec 2010 - the major risk facing the company in my opinion - will get refinance. Essentially the guy running the company in the near term has every incentive to ensure the market cap goes up and funding is found (as opposed to the Transcor director). Felt much better connecting those dots. Let hope they get some decent flow rates from Folschviller and get the share price kicking. Once we get some momentum and a decent market cap the funding risk will dissipate. Feeling much better now, but not overly confident. Sorry if my previous comment confused anyone other than myself. Also, the strategic company review should come through in the next couple of days. Will be interesting what it has to say. The fact that McCLure was removed suggests some people think that things can be done quicker than they have been. Was also impressed upon reading some of the other new directors on board.
EPG Price at posting:
18.5¢ Sentiment: None Disclosure: Held