RE: Somethings that need correcting hereSorry for the late reply. I have a regular job although BEV is pushing me into retirement.
Dustinthewind how do you know "small dregs" are coming out of Pottersburg. I wish you wouldn't make statements that are total fabrications of your imagination. Please provide facts for us. I expect you can back up your statements.
Secondly, in the hundreds maybe even thousands of blogs that have been posted here about BEV, there was a mention that someone called Lakeside Steel in early 2010 and we know they still have their PCB storage site (more than $6.5 million worth of material which was noted in their new release) and they hadn't decided on the removal option as yet. Please enlighten us on your knowledge of onsite PCB treatment options and their success in Ontario and Canada as a whole.
I'm still of the opinion that the radar sites can grow in size, sometimes substantially. This is not unusually for many clean-up project when the material is still in the ground. Additional money can also be obtain from the government as necessary. Even with Pottersburg which was a supposedly defined storage quantity at $63.5 million for 78,000 tonnes, it grew in size to 107,000 tonnes. Do you disagree this doesn't happen?
Again, if you had been involved in the earlier blogs, Bennett responded to us (someone e-mailed them) that they do not like to mention what stage they are at for bidding. This may alert some of the very few competitors to the opportunity. The fact that they are actually posting the opportunities in their News Release, tells me they are at least one of the preferred alternative.
Again, in my opinion, Bennett's pricing would be as competitive as PS2 (West Mountain Capital), Regina and Swan Hills, Alberta. They would all have been trying to win Pottersburg. Sure the travel costs from Ontario are higher to PS2 and Swan Hills than Quebec but this is only a portion of the overall costs. I argue that Bennett would need to provide their lowest costing for Pottersburg to win the job. Therefore, I suspect their profit margins will increase with follow-on tonnage.
Finally, we would all like to know if you are any of these people:
- You work for one of the few competitors of Bennett.
- You’re a former disgruntled Bennett employee, maybe JB himself.
- You got hammered by Bennett stock in the past.
- You’ve been tracking Bennett and the industry for years but never invested even after Pottersburg.
- You have already sold your Bennett shares and have unfilled low bids as Bennett climbed.
- You’re retired and have nothing better to do with your time.
Good luck longs.