I see this PM Canfibre has announced further progress toward financing their planned Riverside, CA. MDF plant. Not quite sure what this means for the latest schedule we've heard from the Co. (i.e. groundbreaking for their 1st two plants this fall) but I think pretty soon the market will have to conclude that this is really going to happen.
Anyone out there betting it will or won't?
Allan
Disclosure: I've built a position in CFGL over the last 10 months and have been dissappointed in the delays, but never in the idea, the market, or the potential profit.
PS. The idea is producing quality Medium Density Fibreboard from 100% POST consumer wood waste, and without the use of envirnomentally undesireable formaldehyde resins. |