what a dog
the half yearly results are out - and what a dog it is. never the less, the company still hopes to get orders worth more than $10m for the year. it seems that they are confident of a $8m order coming from some brazillian company - and to meet this expected order, they have geared up the "de nora" (emm - partner) plant in brazil, to meet this order. the problem with this company, is that it ahs always "promised". but has not really delivered. mind you, it did have a good sale last year, and one would hope that if this big order gets the go ahead, then the outlook could be very rosy. that would make two good sized plants operating in south america. in the half yearly report, the company says that the $5m plant that is operating in chile, is performing well. if this is the case, then that should aid the sale of more plants
gee, between the start of this post, and now, i just bought 73000 shares. mind you,. i already have heaps - bought at far higher prices. i thought that this was such a dog, that i did not bother to buy any more in the recent issue at 9c. maybe it is worth a bit of a punt. i suppose a more prudent investor might wait till they announce the expected sale - who knows, maybe i will buy more, if, and when it is announced
EMM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held