RE:RE:RE:More Very Positive News Out of China:Teck is not buying these guys, think about it. Teck is a mining group that has spent $470M dollars chasing the wrong technology, how many heads would roll if they admitted they were wrong. Also, its just not the way mining companies work, they dont buy technology, services, process companies.
But with respect Dumont, I just have to make a comment about "too bad it took 15 years" - all of us who invested 15 years ago or more, invested in different company, with extremely bad management. So bad they were that they blew all the money raised buying into bad projects or taking the company down bad paths.
David Peter and their team took over a company losing about the best part of $3m a year with zero cash, they changed the strategy, including and most importantly the revenue strategy. They convinced the sector their way was the right way and have now performed on exactly what they said they were going to do 5 or so years ago.
The company everybody invested in 20 - 15 or even 10 years ago died with JW's departure, there was no money left, the powers that be could have easily diluted the hell out of us all and restructured everything to their own benefit. They could have taken the company private when its market cap was $2 or $3m as many on this page shouted loudly that this was what was going to happen ………..and yet ?
I have no doubt current management lurk and read our comments, can we please remember that, and not blame them for our bad investment decisions years ago, instead be grateful they stuck around, got us out of the hole and have acted extremely honorably all the way through - unlike many other companies I could name.
BQE Water is worth what it is worth today, I am invested becuase like you I can see this being a $100m company. So lets concentrate on the future and not worry about the past. Hope I don't sound harsh, its not my intent, I just like you I want to say well done to the management and hopefully they do read this and understand we really do appreciate all they are doing and have done