no buyer - what wrong?, page-8

ggjj

Trust me when I say that I'm 100% certain that the directors would not even contemplate doing as you suggested. The maths and logic just don't add up. They would need to drive the sp down below 20 cents to push the options out of the money, and I'm quite certain that MM would be taking calls from some very prominent asian investors well before it gets to that stage. Mind you, those calls may not be that far off.

The timing for vanadium production is notoriously difficult to get right, and bear in mind that Windimurra's rotary gas-fired kiln is the only one of its kind in the vanadium industry worldwide. That alone would have unique challenges to overcome. My beef is the fact that they should have accommodated potential unexpected delays by issuing a timeline which would under promise, over deliver.

The biggest killer of this stock atm is the lack of volume, but I'm hoping that that will all change when production commences THIS MONTH. Surely that would put us on the radar of micro-cap institutions, especially from abroad.