for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Hope they put some substance on the inferences and don't end up with political speak spin.
At least we don't have to wait long to see.

I like the phrase "further commercialization".
Lord knows where that one came from. For there to be any "further", surely there has to have been some!!
Must have missed that, unless they got rid of the greenseal machines at a car boot sale.

Mr Mines is begining to sound like an Estate Agent.

Mr Mines is starting to sound like a broken record, stuck in the groove and keeps repeating himself

Lots of of profit taking.
By those lucky enough to have brought at .02p.
Nothing inspires confidence like a trading statement by Mr Mines.
and I mean nothing.
What an absolute COCK.

lol I was thinking women's anatomy really.

looking at trades, I might just have to eat my words.
Not too proud.
he's still a cock.

'the Stanelco Bioplastics team have begun to achieve some encouraging sales traction'

What the hell is 'sales traction'? I thought traction was something you put a broken leg in.

'Development trials at the bioplastic pilot unit, commissioned recently in the
Company's UK facility, have started '

Whooppee!!! More trials.

'an expansive set of trials are underway'

Expansive or expensive?

'Sales are in line with Board expectations and last year'

i.e. Zilch!

'At 31st March we had cash of 7.5m and continue to consider sensible investment
opportunities for these funds.'

Well, don't invest it in SEO - put it somewhere sensible like Northern Rock.

'We expect continued good progress in the Company's main businesses'

i.e. RF applications - nothing very explosive likely to happen there. And presumably if they single out RF applications to comment on 'good progress' , they're not expecting good progress elsewhere.

Mr Mines is beginning to sound like Gordon Brown.

Traction... Meaning to stretch (could that mean stretching sales or the facts).

Continued good progress in the Company's main businesses...Meaning we sold 2 RF machines this year against 1 last year.

I will be very happy to eat my words so to speak, if the AGM gives believable substance, but not holding my breath.
To me this is the last chance the present board have of putting that forever elusive MEAT ON THE BONE.

Just back from AGM - and some beers after!!
I got there after the AGM formal proceedings but got most of PMs presentation.
Basically 'tomorrow'. Now have we heard that before?
This time PM is purposely preferring keeping quiet.
Many trials under way - some with costs (or materials) being paid for by the other party.
BioTec capacity available now 24/7.
Some bioplastic uses now in market place eg. phone cards
Agricultural applications of bio plastics under way - soil coverings, tree tubes etc.

If this were my first SEO AGM, I would be pretty excited. But it is my 4th...

Are there any plastic coffins?

So more jam the day after tomorrow. When the remaining 7million has been frittered away will somebody please switch the lights off!

Just got back from the AGM.

I am a long term holder so my average price is quite high and by main reason for attending was to try and determine whether this company is going to survive or go into administration.

The chairman went through the business in about 30 minutes - all resolutions passed despite one or 2 questions from the floor.

Paul Mines then gave a presentation - which I see is now available on the web site.

Must confess that I was impressed with the guy - no bullshit, no promises - but quite upbeat in terms of the fact that he believes they have a sustainable strategy that will deliver shareholder value - although he was at pains to stress that this would not happen overnight. I got a very healthy impression that Paul is of the "underpromise, over deliver" mentality.

I liked the slimmed down board and my view of the board was:

John Standen - quietly competent - a breath of fresh air after the wishy washy Philip Lovegrove - I fely he had values and played by the book. Perhaps not a big hitter.

Paul Mines - Pragmatic (probably his middle name), enthusiastic, focused on delivery and a leader. He used the phrase more than once that he would not release information to the market until the "lorries were loaded and leaving the premises" - and he was certainly not going to release an RNS for every contract signed. - a refreshing change from the previous regime. It is likely that we will get more news released in future via the web site as orders are signed and delivered

Elizabeth Filkin - a waste of space in my opinion - she was the senior non exec in charge of monitoring the performance over the past 5 years of the company as it went from 2p up to 30p and back down to 0.2p. Why she is there I do not know as I think she is as culpable of some of those that paid the price.

Clive Warner. Mmmm - not sure - I think he is a good accountant and has helped restructure the company - but not convinced of his ability in the main stream - hope I am wrong.

Paul would not commit to any forecasts of sales or breakeven - keeping that info very close to his chest - but what did come across was the very high level of interest from all sorts of suppliers and the very high number of trials that were taking place. It was almost (my interpretation) that they were being swamped with enquiries and requests for trials and were not able to satisfy demand - hence I guess the increase in sales staff and need to recrruit more technical staff.

Paul was at lengths to stress that our products were not as good as some of the petro chemical products - and in some cases a long way from being competitive - but that the gap was closing all of the time.

Aquasol has limited ongoing development - sufficient to retain existing loyalties
Biotec is now capable of 24*7 production up to a maximum of somewhere between 12 - 20 kilotons per annum ( I think he said we are producing about 3 kilotons per annum at the moment).- with a 48% increase in sales over past year

My overall conclusion.

I am not going to loose any more money.
2008 will be a turning point
Stanelco is still best in breed and has competitive advantage over others coming into the market.
Success will not happen overnight - indeed it may well take 2 or 3 years for Stanelco to really start moving its sp
Paul has set the agenda for the company - things like cigarrete filters, whilst not entirely dismissed - are not a priority. His priorities are clearly set out in the Report and accounts.
Paul is a leader and will not let other things that do not add shareholder value distract his management team.
One gets the impression that ,at last, the company is being run in a much more professional manner.

Must emphasise that this is my own personal view - and others may disagree - but I hope I have got the facts correct - I am sure others will comment as appropriate

Thanks for the 'reports' Barry and Tony - appreciated.

Thanks for the 'reports' Barry and Tony - appreciated.

So Paul is going to lead us to the promised land!

Tony and Baz, thanks for sharing the info. Looks like I don't have to give up on this company ......yet!

Oh I still see plenty of volatility - but at one stage I thought this compamy was dead - I dont any more. It will be a long haul and it wont happen overnight - so not a company for making a quick buck on - imv. More one for the long term.

My guess is 35 by Xmas - 2109!!!!

Thanks for sharing info. Iam in for the long haul. I think we will get a rise in the sp tommorrow after shaking out some more weak holders today IMO.

Yes, thanks for the AGM update.
Whilst not fully convinced by a long shot (as I am sure most will still be as I am, the skeptical, jam tomorrow or never types) I would sooner have no or slow news than the forever spin of the past.
So I will lay off the get at Stanelco comments for at least 12 months (unless they give cause) and give them the chance/benefit of the doubt.
Lets just all hope the current board members are worth the time and effort.
Time as they say will tell!