Disappointing quarter again as they basically report what we already know. Some push needed to close a bloody clever buoy contract already. Perhaps an update on how the U.S. trials of the buoy were going would have been nice at least. Would have been nice to know how the directors think the trials are going.
Bugger all revenues from the SAMs system which also surprised me.
Seabins on the other hand is doing very well. At least we have exposure to that. Really like what they are doing and they are getting a hole lot of media attention.
I will still hold my small parcel in hope that they pull through. I personally am really against the drum lining that is currently being done in WA so very keen to see something like clever buoy succeed. Shame that my feelings and subjectivity don't line up with the objectivity of the performance of this company.
SM8 Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
