I went back to beginning of 2009 and did not find any thread that discusses the issue of commodity versus specialty chemicals. There was plenty of generic "rah rah" comments, very little substance or reasoning behind any of it.
I did read about the mine. If you look at the 4/14/2009 10Q it says:
"Currently, we own the prospecting and mining rights of a cobalt mine in Congo. We plan to start the construction of a processing plant in Congo in the second quarter of the 2010 fiscal year."
So that is all in the future. It doesn't explain the historical result at all.
Morever, this starts to look ridiculous. You have a company whose management page shows the founder, his secretary, the office administrator, and an economist as the management team, and you are investing hopes in their having mining rights to some cobalt mine
...in the Congo
...which they will start to explore in 2010.
Pres’ a pr a while back the company said that they were closing down an office they had there because of civle unrest. So they could have been mining the cobalt and paying to use another prosing plant.
Companies don't tell all there trade secerts.
I like the fact that the owners are in those fields because the other side of the company team DLX are in the knowledge of making lithium part so you get the best of both world’s
All in all I like your questions but it would be nice if you could do some of your own DD and come up with some good ones.
Like what Vincw said!
Honestly, your statement applies to a lot of stocks including some of the Dow components. Do you think Enron and worldcom were more trustworthy? How about the record profit WFC posted just few weeks after being one of the "too big to fall"? You can either consider everything speculative or ponzi scheme. Even Intel's market cap is merely supported by some fragile papers called "intellectual properties". It's really up to you to draw the line.
I apologize / Apologize accepted
But I still won't do you DD for you/ LOL