Management has been too shy to inform shareholders of the...

Management has been too shy to inform shareholders of the problems WAK has encountered. In simple terms, WAK cannot meet the specifications that Stanco sets for K99F, and for which Stanco has a large outstanding order. Had WAK focussed on products it can deliver, that would have softened the impact of struggling to produce K99F.

I have spent heaps of time trying to understand the specifications typically required for a continuous-filament fibreglass product, and what K99F specifications WAK can meet. This information should have been supplied earlier, and any problems, solutions and timelines provided. The Market handles bad news far better than no news.

As far as K99C is concerned, we have heard very little about the marketing initiative to increase sales there. The sales office in Malaysia started on 1 July 2023, so a progress report on that is now due. An update should not be delayed because progress there has been slower than expected.

I understand why some things should be hidden from the view of competitors, and why one may be silent about new initiatives, but the K99F issue is not one of them.

I am still positive that WAK is going to do well, and delay of a year or so is trivial for a multi-generation life of mine. Bringing in someone like Keneth Hall who holds 55,661,231 shares, and has a stellar history of founding businesses and growing them may have helped to rattle the cage.