re: turnaround story of 2006
Electrometals sales at record 10:28, Tuesday, 7 November 2006
Sydney - Tuesday - November 7: (RWE Australian Business News) - Electrometals Technologies (EMM) reports it has been contracted to supply an EMEW electrowinning facility to a customer in Canada, to be installed at a mine in Zambia and used for the production of copper cathode from a feed solution of copper sulphate. The total amount of the contract is A$1,598,600, for delivery in the first half of next year. A substantial deposit has been received. This sale means that committed sales for calendar year 2006 (i.e. new sales contracted this year) will be at least $7.8 million, the highest-ever annual committed sales. Our work in hand (order book) at the end of 2006 is now expected to be at least approximately $2.6 million, a significant increase over recent years.
EMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held