Thanks for the response, Kit.
I agree that some of the small-cap-following institutions are likely to start noticing Lenox. I have no indication that any are aware of the company yet. Indeed, some of the big chemical companies still haven't heard of them. Deaver mentioned to me, as an aside, that the huge German company, GAF, recently published some research on highly pure lignin, where they basically rediscovered its incredible characteristics. In the report he said they concluded that it would be an incredibly useful substance if only it could be manufactured cheaply.(!) I didn't get a reference for this report.
On your projections. I agree. And, like you, I think your estimates are conservative. Unless I've made some mistake or have been mislead, it looks to me that the risk at the current level, for someone with a time frame of a couple of years, is miniscule. I think there's an excellent chance the stock will be at least 50% higher than current levels by the end of this year.
My thinking about this company as a high-risk investment is definitely changing, though the stock market itself remains a high-risk environment.
Best,
-DT
|
