Yes they need confirmed contracts both from these long talked about Navy contracts that I heard about in June last year, the tooling thingys, but more important to me commercial contracts,
This was a let down for me when Alain was asked about commercial contracts but instead again talked about tooling and navy, the reason they stated they listed was to pursue commercial applications, and on their website they listed a heap of possible applications and have talked about some in quarterlies, but these need to happen.
At least Alain sees the need to ramp up production by a lot and what I have called for,
He has put a timeframe on his shares so he better get cracking on these to get the sp to $1.20 plus so he qualifies for all his shares.
Said all along huge potential but they cannot put all their eggs in Touchstone because this is heavily reliant on govt contracts and funding.
We have to watch these agreements with Touchstone as we don't want to end up funding their R&D only for them to get contracts and CFO to be the production arm of Touchstone, and we have seen this bloke come onto the CFO payroll now and no real idea what he will be doing differently to what he was doing at Touchstone.
CFO Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held