Captain I wish I had some answers
They have given us a more in depth report on the Navy ships when they wouldn't comment at all a while back
Plus aerospace which at 15k cubic foot is huge.
I spoke to someone earlier this year and the issue was getting contracts they then could not supply so focus was on increasing production and stock build up.
Now they had excuses last quarter but are already half way through next quarter so I want to see current production rate.
If we see production up and build up of stock then that excuse cannot be used.
Production should be inching toward 30k p/a and if not shareholders should question why not.
Are they producing 24 hours a day
Weekends
As production continues they either have sell the product or make more production excuses so we will soon see what is going on, they spent a lot of shareholder money on new machinery and upgrades so we need to see this translate to increased productivity
These directors should be answerable to shareholders but appear to have a different idea to that.
I want to see one or more directors meeting shareholders who gave them money for their wages.
Look I think they will get contracts they have been talking about but I see real growth in simple things like car exhaust systems, caravan sandwich panels and the like as these are huge markets.
DOD and aerospace contracts are big name ones but everyday use is many times larger in vol terms.
Huge market potential but they need to kick the first goal to prove to the market this is real.
Shareholder relations from directors is really poor and some overlook potential and sell out.
CFO Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held