Firstly, we are now in the 4th fiscal quarter. Secondly I didn't say anything about missed opporunities in Asia, or even the US. Rather that the market MAY be pricing it in, hence so cheap. My understanding is that we are extremely close to an overseas deal, but it wont always come quick and on time as navigating in jurisdictions beyond Australia requires a bit more tact to overcome government red tape. What you seemed to have sidestepped is the trials and demonstrations in New York, via intersection and the MTA. Is it not correct that New York was slated not too long after the last FY15 final results, with an update on trial success due towards the end of the 1st fiscal quarter / the start of the second quarter. We haven't heard any updates on this through any announcements, and I'm sure, given the logistical challenges NYC possesses, this has taken a bit longer then desired. Furthermore we have no idea whether this has now been put aside to focus on more imminent contracts. I wouldn't be surprised if now they're focussing on other American rail networks.
I agree with your sentiments that we'll be over 20c by xmas and actually think you're 50c prediction is very conservative. I'm interested to hear your thoughts on synergies between XTD and XTV? I can't really see it at the moment, but am certainly interested to hear what you think?
XTD Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
