Went to the AGM on friday, very positive on all fronts. They spoke in-depth regarding the move into the oil and gas sector and lab volumes were up.
Rod Smith spoke about the "bargain basement" equipment purchases from their biggest client - BHP.
They still have great confidence in the PSI technology and the applications it will be used for.
The Marc business is doing better and quotes are strong.
He said that are very well placed and believe that uranium will be a strong contributor, mentioned that gold work is on the up and continues to do well.
Spoke about the new building and the plans have been submitted to council and work will start once approved.
Mentioned no debt, many long term contracts in place and thinks that nickel could do very well.
Hope this helps all.
P
AEC Price at posting:
$2.44 Sentiment: None Disclosure: Held
