Can Peter Sell?I notice how Peter doesn’t seem to be able to actually sell anything. He couldn’t sell the drosite even though there was tremendous interest so he set up a tolling situation. Now it seems he wasn’t able to sell his iron ore pelletization torch business so he has to set up a lease arrangement. As he said leasing is very capital intensive so now he has to find a leasing agency, which will take their cut of the action, and find enough huge clients to do business with. In doing the leasing business model he has now excluded many small and mid size companies and shrunk his market dramatically. In terms of dollars we knew the goal for torch sales was $3 MM NPV per torch so what is this lease arrangement going to give us? Anyway, a 4 torch sale isn’t that impressive especially after the way he reacted to McWhirter. So no spinning off the powder business, no sales for the drosite just a toll arrangement and a downsize to a leasing arrangement for iron ore pelletization. That’s certainly a turn in a different direction.
LOL we may still get to $100 by Christmas….2035.