Hi folks I've been watching this stock and it's progress and your comments for a few months now, but haven't bought.Certainly, there is the potential to be a great business, but there are many production and marketting issues to get right first. Generally, the HC comments I have thought have underestimated the problems which occur in commissioning plants and the time it can take to sort them out. Even though I come from that cautious perspective,I am surprised about the apparent difficulties they are experiencing. To have to repair and replace some parts to me says the designers had a serious misunderstnading of the issues they had to consider in the plant design.If that's the case, the potential downside could be enormous, but we won't know in the absence of further more specific info or announcements of futuree output. They may be less significant problems than that, but reading between the lines the tone of the wording rang alarm bells to me. I really don't know..just intuition and experience as a Chemical Engineer who has commissioned several plants in my youth.
I'll keep watching and waiting before I buy ...until I have more confidence .The other aspect is the risk of change of supply for customers and the time they will take to trial so that they are comfortable with the risks.It is not a commodity they're selling. I think there's plenty of water to go under the bridge on both commissioning and marketting/trialling fronts before it's a buy.
IDM Price at posting:
16.4¢ Sentiment: None Disclosure: Not Held