Ann: New Ironman Hybrid Steel Safety Barrier Syst, page-12

I've bought into SRH over the last few months, average price around 14.5c.

There's been some fairly brutal commentary on hc over the last few years, eg. from you buc, and chembro - good stuff, I've appreciated reading it. Seems the company has been at death's door, but is now taking impressive strides towards recovery.

I think it's been a good move for Darren Hotchkin to return to the CEO position. He built the company, and he's the largest shareholder. It must've been pretty sobering to see the company decline in the way it did, and I'm sure there have been some valuable lessons learned. Life is always handing out lessons, the challenge is to learn from them, and I sense this company has.

I'm impressed with the steps taken in the last year. Paying off debt. Identifying core strengths. New product - the ironman hybrid sounds and looks promising - great video clip on the company website - and I like how they've outsourced its production. Management changes. Renewed focus on margins and cash flow. And the company has been looking for new opportunities, but isn't rushing into anything. It all seems measured and responsible to me.

The tone of the last annual report and recent announcements is one of realistic determination. Good luck to them.

One more thing - the chart looks ok to me - the long term downtrendline from the 2008 peak has been broken (on a logarithmic chart). Seems like a base has been built - solid support now between 11 and 14 cents. Hopefully those levels won't even be tested. Speculative buy imo.