GREY:ATIVF - Post by User
Comment by
mikerosoft666on Feb 26, 2009 6:18pm
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Post# 15806620
RE: RE: RC update on ACT
RE: RE: RC update on ACT
Actually, the guy from Northern Rivers that was introducing ACT in 2007 - when it was trading .68¢, was saying that ACT had $20 Million in Purchase Orders, just waiting for MSHA approval. I never verified that independently and I notice we are commencing work on $6 million. .40¢ makes sense if you consider $14 Million expired and so instead of $1.60 target we are somewhat reduced and disproportionately because we are factoring in economic times which may impede the return of as much Purchase Order power as we had in 2007 ( allegedly ).
But what cannot be put into a target price is the fact that we are closing on June 15, 2009, the deadline to have acquired or installed a communications safety system as per the Mining Act. If there is extra business running at suppliers of solutions then we could realize more than $20 Million unexpectedly. Which in theory, ( and please don't attack me as a pumper... I am realistic with the .40¢ prognosis ) if the sales exceeded their wildest expectations because everyone has dragged their feet out to the last minute, then the share price would be mich much higher than the original 2007 $1.60 target.
But again, it would be a huge surprise if that happened. I just think the alignment of catalysts is kind of right for result to be even remotely possible. If June wasn't a deadline, I would say NEVER. Why haven't mines already put equipment in place ? Will they even put equipment in place before the deadline or risk fines ? Or do they feel they can go to the government and plead hardship ?
Just blue skying... kind of like the guys that see my .80¢ oil exploration wildcat in Iraq being $30 / share... IF IF IF IF...