RE: RE: RE: Graeme Tyson...as was noted on the conference call some plants never achieve GMP, others take years and tens of millions of dollars. However, I suspect that the examples McRae used also had a saleable product they were waiting to manufacture.
Granted, having some expectation of market demand is a novel theory, but after close examination it would seem to make sense. With its cost at 3 times the present market cap of the company, the VMC is proving to be an extraordinarily valuable asset. If the VMC's bleed wasn't driving us towards insolvency, what would this BB have to talk about?
The option grant was kind of lousy in hindsight, but as HT noted, it was voted on and by all accounts well deserved. Surely no one knew at the time that the stock was about to run further aground with the trial withdrawal and dissolution of the partnership a few weeks later.
It all about the building of long term shareholder value here.