re:merger, page-16

Hi spludger

Good post before and I do agree to an extent. There are other processes in place to process ug2 so probably should have explained my thoughts better on previous post.
I think the problems with other systems like kell IMO is that it isn't available now (as far as I know) as I believe it to be ready next year.
Also the market response to conroast and commercialisation of this technology has been pretty poor. Conroast was ready 3 years ago and not much has happened with it since even though it works.
Jubilees mcap currently stands at £20 million, and we expect a third of the mcap back from sale of assets to GRE. So conroast market value is 3 cans of fosters and a packet of pork scratchings.
Kell system, if proven to work, has already had what I can tell is hundeds of millions invested in it. It will work out quite expensive for the majors to take this on. I think the majors would be more inclined to buy jubilee group outright and have the conroast license for 7 years IMO.
Also, jubilee are nearly there to show the market that conroast works in the industrial, high volume setting they will get post merger.
So jubilee for me still hold the winning hand here, albeit with not a lot of money so far in the pot.
To me, this whole scenario is like a game of poker with big players, rather than simple share discussion.
Trying to anticipate the next move could make some Pi's very wealthy indeed.
Regards

Eyeguy

P.s feel free to critique my post. I like a good debate.