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

So bullshit has once again baffled brains!

Thanks for the reports, guys.
It would be a record breaking company that couldn't make a sale in this climate, in this arena!!
If Greek is going to lay off SEO bashing I need to give him something to write about so I'll finish by saying I'll sit on my stump and wait for some action..........

Not like you alan ??

It was'nt so much an AGM as a statement of common purpose. PM not forthcoming at all, nothing new- yes loads of trials etc but no timelines , no names, no blame. Was i impressed? I had had a few sherberts the night before so was easily pleased , but i guess Mr Mines glass is neither half full or half empty-it just contains a quantity of solvent in line with expectations.
Will i be selling. No. I like the agricultural trials- easy money. i like the tubes , i like the creditabal partner for frogcrap. Am I pleased. No. am i depressed? well there was KK's wiped off my investment this morning , but I am nascent at present in line with my lower expectations. I tried to get a few answers- fat chance. I think the interims should enlighten all from what i gathered but who knows if i was being fed a line. Still non the wiser re future but happy that it ain't going tits up overnight. will i buy anymore- depends on them actually delivering a proper deal not a promise/trials. Another snipped worth a mention was the ART instalation by Melanie something, I got impression it's rerlease might bee coupled with good news. have a hangover, I made some notes on PDA but vison too blurred to read proparly. See you all tomorrow.

At the AGM with Tony and Barry but not pub!A few more facts1)Capacity of Biotec running at 24//7 12,000 to 20,000 tonnes per annum,Paul couldn't be closer than that.Anyone able to crunch that?2)Stanelco only use about 20% of their output from Biotec the rest being sold to Sphere,at least that was how I interpreted the answer to my question.3)Couldn't get an answer as to who Spheres end users were but most of thier production was thin film such as bags Paul said.4)In answer to my question "is a share consolidation on the cards" the reply was "we have been advised against it"5)Greenseal is dead for food trays but may have other applications and patent issues with reagard to same are being looked after....Overall I'm very happy to keep holding and have more confidence in the way forward now than at this time last year.What is quite clear is that the board don't want a repeat of the fiasco of a few years ago with the share price flying on the expected roll out of Greenseal etc,as Paul said "when the lorries start leaving fully loaded then we will make an announcement"..so hang on in there for the long term but don't expect miracles overnight or serial positive RNS's like the old days.HW wasn't there either!Off for a bottle of claret.

Thanks to all for information update and opinion.

Baz and Boldtrader, we did well leaving when we did - looks like the party continued well after us!

Sir Mark's post on ADVFN for those who don't go there.

-
Ok Guys and Girls
for the record I didn't eat any of your fish Lukey


Right my two pennies worth not that mine will be written anyware near as good as the prevoius posters (exspecialy after 5 pints) well at elast now I have an excuse

Right Mr Mines let face it after conversations my mind was made up along time ago and he dissapoint today...... upbeat is not in his volcablary (sod it thats how I'm spelling it) there was a lovely fistey young lady with a beray who I don't think will be allowed back next year as she was quite rude and sadley sow as she had some great points, picking on Mines not beeing upbeat with his statements / he came back with poor replys to her questions IMO but as she was a little agressive with her nature she didn't nail him ....so a lesson learned for that young lady.

Her comment was refering to Mr Mines always appearing to be negative all the time and is there a need to im one sentance say how we are a market leader and in the next breath say thwat we may lose contracts.....her points where very valid but a poor delivery IMo.

So my take on today well after printing off my RNS from from this site this morning I porceeded to goto the AGM however I didn't read the address details correctly and ended up at iii registered office....lol f'king great at 10.00am ...so a quick black cab to the correct address and was intime for mr Mines's presentation..

He done the ussaul breif that you would have now seen on the website and during this presentation we gave him some quick fire questions oif which some he handled well and some he wouldn't comment on like

Q. When will we be at break even...
A. They couldn't comment on this as this would have to be announced to the rest of the market at the same time...

Q.Whats happening about the ciggy filters
A. Shelved for the time being...
**********************************************
Questions that he did answer during and after the AGM that are of interest rather than me do a step by step as I'm half cut and this could go on forever..

One big pottential client has been trailing our product for some time is our PROGMAT this has been trailed and we are looking to proceed with a "credible partner in the USA" after the AGM in a very unformal chat with Mines and a few sharholders the last thing I asked him was "How's it going with Sealed Air" well the yehhh hhmmm lol that came after confirmed to me thart it's Sealed Air...he's laughter was for the fact I caught him unawares IMO

Current Trials
***********
Colgate
Carex

Deals currently in motion
********************
CREDIT CARDS
TELEPHONE Cards
Both of which are contributing to our bottom line already.

Also but Not confirmed at today's meetuing Body Shop & L'Oreal
So we are now finaly mixing it with the big boys and the movement is only oneway at the moment as far as the business trading is going.

also on the RF side the said thing where doing very well, and when questioned would mines look to sell this business off to concentrate on the BIOPLAST biz he said they did look at it but felt the two could both add sharholder value.

Mines is a very nice bloke and does has the shareholder interest at hart but also has his reputation on the line aslo and he is playing things down deliberatly to install faith to the instituions.

I also ask him what the relationship is with sphere now days and he copmmented that things are good....I then dug deeper and ask are things now getting better as we are taking more of our fair share of Bioplast and he confirmed this has help relations as you will understand.

also as for Stanelco we are unable to compete with Sphere regards to plastic bags so that hopefully would anser someones question (Why can't we supply the supermarket chains over here)


I am not going to bother going back over this to proof read it as I doubt I am in anyfit state to rectify my mistakes ....lol

I will add tomorrow

But all in all a very good stock right now and I will top up on any weakness ...oyes when ask about purchashing stock Mr Mines said he already has great incentives and bonuses to get the biz moving forward and said that this was a private matter .....


SirM

Tony,Barry, can i just say it was a pleasure to meet you both today and many thanks for your company in the pub! As you know i travelled many miles to attend the agm this morning(now on a borrowed computer) will travel back north tomorrow.
The RNS news service and bulletin boards can only tell you so much,but meeting the SEO directors eyeball to eyeball tells you much more.I dont for one minute think we are totally out of the woods but there is now plenty of light showing through.
I believe I'am correct in saying that Paul mines confirmed that they had as many potential customer trials ongoing as they could presently cope with and also that Aquasol would be producing revenue next year(2009).Although he could not be drawn to name names or timescales he did say that they were trialling with some household names.He came across a straight sort of guy and us older northerners can be a pretty good judge of character!!
Anyhow I'am rambling but in conclusion I will say that it was worth my journey,I will be holding and may even add through the summer if the SP languishes.
Good luck to all holders and cheers.

For those that are not used to this crap, I can just say a few things : if you buy this, then let it go up (if possible ) and then get out !, those that are in : dump this....why punish yourselves on a ridiculous stock....even if you are at a loss : realise this loss (unless you are in an Isa), and then buy something sensible, some of the other blogs above don't make sense ....so buy...it goes up ...get your little bit of profit and then into something that you will not be so worried about !.

Anyone know the name of the biggest pub chain within a square mile of the location of next years AGM, as reading the previous posts, I can't fail buying shares in such a company. Bye Ek, sum booze must hav bin suped last 2 nites.
But seriously, thanks re all the AGM reports, and I hope your hangovers are not too bad.

Mad Pad

Thanks to you all for your AGM reports, they are most appreciated.

Can you confirm from your post:
'A few more facts1)Capacity of Biotec running at 24//7 12,000 to 20,000 tonnes per annum,Paul couldn't be closer than that.'

Are Biotec actually running at capacity 24/7?
Thanks.

Patisear - Paul was quite vague as he said it depended on a number of different things - and that although they now had the ability to run 24/7 - they are not actually running 24/7 so difficult to estimate throughput ,but capacity was somewhere between 12 - 20 kilotonnes and I think he said that current production was running at approx 3 kilotonnes. - so plenty of room for expansion

John - the pleasure was mutual - hope you have a good trip back home - its a long way to come for an AGM. - but it is good to see the whites of their eyes.

On a sober note for a moment.
2+ years ago, the SP was stupidly high. This was based on Starpol perhaps having a future and Greenseal having trials with Asda and one or two others. It was also based on a very optimistic view of the company.
Now the SP is less than 5% of what it was then, the company has a better management, more cash (?), many more trials, production and sale of Starpol (Bioplast), a partner actively marketing Bioplast tubes, but a very pessimistic view of the companys history. Arguably, the SP is fixing into an uptrend.
Fair enough, shares have been diluted, but the comparisan makes one stop and wonder.
Am I buying more? More chance of me being elected London mayor, but I feel more confident than any time in the last 2 years.

bhunt1910

Thanks.

As BHUNT said Paul couldnt give a closer figure than he did probably because the plant has never yet been run 24/7.

as i'm barred from PM's site would some one be so kind as to post what 12-20k tons of bioplast is worth.
i thank you in advance.
Have stopped worrying about the sp.
well almost.

Apologies if this is wrong.
Please feel free to enlighten me and put the record straight.
Re my question above I found an old masterson tread (sorry) that stated profit per ton was about 2000. that would give a profit of 30M on 15k output.
50% to SEO.
Is this right .....or am i dreaming/wrong.

Yes, but current production is only 3,000 tonnes,sales had better get on the case.

Oh dear! Back to 0.2p?

The problem with PM saying he won't announce every contract win is the sp will be very negatively impacted. Whilst it is commendable that he doesn't want to con the market in any way and therefore to keep a straight bat, it is in the company and shareholder interests that the sp recovers as much as possible particularly if a fund raising is needed in the future.

BTW many thanks for all the feedback from the AGM. Appreciated.