Yes footsie they have had delays, however from recent asx releases it would appear all is now on track.
We first learnt of the 4 month production delay in the 24th Sept market update, when they advised the September Q contracted production would not be met. In that same release they stated the extra machinery was now in place going through routine testing and would start production in the first week of October.
This would mean the extra production capacity is available for this entire Quarter. They also stated the bulk of the $60-80m would come from the second half.
In the Sept quarterly released 31st Oct they reaffirmed their anticipated sales range of $60-80m, commenting that the Sept quarter results were in line or slightly better than expected. (I presume as constrained by the delayed machinery)
Since then there have been no comments in their releases regarding production so I presume all is back on track. Certainly the forward order book looks healthy.
MTM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
