Thank you for your quick response. You "understand " from a Reuters's article that there is a strengthening of environmental laws and you ask why has Fenway not advised it's shareholder's of this. Did the article mention Fenway, or the Palawan's positive recommendation? Did they state that they expect the Council to reverse their decision? If not, you are too sophisticated to expect Fenway to quickly announce to its investors every article which may have negative impact. I have read about the economic strength the Philippines has experience in the Wall Street Journal. The growth of this formally weak sister in Asia implies continued development of all the Islands! Cement will be needed to construct roads and built infrastructures. I didn't hear from Fenway on this supporting article! Naturally some of the roads will have lead to protected areas whose pristine beauty should be protected. Growth will lead to heightened tensions for the environmentalists as well indigenous populations. But there is a balance which must be made. If in fact Fenway possesses the largest cement mine in the Philippines, and Palawan's northern beauty is protected, then we probably have a realistic framework for the economic health of the Philippines into the 21st century. I think this is a reasonable "speculation", and I would expect the extremists among the environmentalists and the short sellers to emphasis the negatives, not Fenway!
You mentioned that STRADAC is a small company, that "was" involved in the highway project. Does this mean they are not now involved? Don't they still have a long term need for cement? Since you are concern about projecting an unbiased and complete disclosure, I'm sure you did not mean to imply that they are no longer a factor. Yes they will help with the financing, and it is my understanding that they will own 50% of the cement project and Fenway will have a 40% interest with the successful completion of that financing. Therefore they are critical players! You mentioned their financing was completely different. While it may not be identical, isn't success in obtaining financial backing at least a "good sign" in future endeavors? If they are related in any way to a $100+ billion AIG, isn't it worth noting and exploring further ? I'm sure you want to be fair to both sides. We are both risking our reputations (with friends , not the Internet since we are using screen names) and I for one, am risking capital. If you are not now short I suggest you go short! Than we both will be able to demonstrate how sincerely we believe in our perceptions!
Thank you for warning on greed! While I may be greedy ( I'd rather think I'm optimistic) I will recommend to my friends that they sell half their shares when the stock doubles...starting today!
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