MCE 3.64% 26.5¢ matrix composites & engineering limited

Juice,Well done. You were right and my doubts about the truth of...

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    Juice,

    Well done. You were right and my doubts about the truth of your claims were wrong.

    I wrote to Matrix asking whether they would be issuing a quarterly report and the reply was that they would do so at the AGM. When I heard of the rumours I again wrote and told them. They have now issued a quarterly report before the AGM. Although it is hard to find some positive angle to present circumstances , I at least give them some credit for coming clean in the face of the rumours.

    Whether I am hoping against hope, time will tell. However, I maintain that given the large amount of new UDW rigs recently ordered there is a large amount of DRBMs that will have to be manufactured and Matrix has a good track record in making them.

    As always successful investing is all in the timing.



 
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