appreciate the posts / responses...let's just get granular:
a) A committment to buy, signed in 2012 - that's not worth much today. And people - a committment to buy is like me saying I will buy your car. there is nothing contracturally binding.
b) the LOI to buy 150,000 tons. I like it - however its an LOI for a 12 month period - signed 25 March, 2014 - so 9 of those months have passed - and its subject to spec. hurdles. So to re-validated this - the best thing to do is to re-new the LOI for a further 12 months. Because with these lower vol construction months - are they going to start shipping in next 30 days?
I'm no basher - I expect standards of conduct. I am a stockholder. Stockholders have a right to question releases. IMHO an enterprise like HBK has been trading off news flow, and not aggregate shipped for 12-18 months. Therefore news flow should have a ruler run over it. Thats what I do.
I do it for the rights of stockholders.
How can you argue with that - as a principle?
Ok - you are cheerleaders wanting to take the stock price north - and you don't like a grumpy old curmudgeon who asks some solid questions of the management of the companies he invests in.