Just to make clear. When i got the reply from Hinse I was more than a little surprised. I was inspired to write to Abcourt by Theoldmariner who is clearly very upset by the company. What I wrote to Hinse to get that response is below... 

"I am a small shareholder. I have 40000 shares in the company. It was stated by you that we would be producing by 2006. It is now the end of 2012 - when will you start giving shareholders value for money? So far all I see is company people making good wages for declining shareholder return. This is no better than bankers taking millions for failure. What do you intend to do about it and when? Or is the idea to keep on going for years and years spinning shareholders with promises that are not kept whilst taking nice wages?"

 

As some noted below, the reply from Hinse seems like good news. But is it really trustworthy? If it were I'd be buying a hell of a lot more stock right now, waiting for the shareprice to rocket over the coming year. But Theoldmariner more or less has hit the nail on the head. If you cannot trust the management the share price will not reflect the true value of the company. I would feel really sick if I bought more stock now, only to discover that what Hinse said was more spin.