GREY:BIXZF - Post by User
Comment by
ashcakeon Feb 04, 2010 9:58am
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Post# 16751240
Atheena
AtheenaThis scale up for the isolate production is substantive. It's more of a "gut feel" yet I have been involved in a couple other similar plays. It's not for lack of trying by highly capable and passionate management.. There are just so many moving pieces and parts and the "uncontrollables" that have to align perfectly for production to commence on time. I don't expect a major delay but a delay (say a month-6 weeks). The delay will be understood by the market/analysts but dissapointing nonetheless. However, I think the delay will be countered with some other very postive news about a "partnership" which will mitigate future dillution but not completely eliminate it. The partnership will be the kind of thing that will put a floor on the downside. Not something that would have been possible without a tsx listing.
Friendly reminder to all that hold period on the 12MM shares issued at 1.25 are free trading in less than 2 weeks. I am hoping for a buying opportunity if the timing on news isn't perfect. I am buying here and will continue to pick away based on what I believe conservatively is a 20-30 % return 10-12 months out. I would have said more upside but I don't trust the markets second half of the year.
Have a good one everyone,
Ash