aussie technology going offshore, page-14

The tone at the AGM was cautiously optimistic....but I recall a similar tone in the past (pre US Crows debacle) which proved unfounded.

The relationship with Northrop is under review, with neither side sounding positive about its past effectiveness.

Mention was made of rebuffed expressions of interest from potential acquirers. (No appetite from the Board at the current price levels. They clearly see upside to come).

Seemingly increased interest both domestically and overseas for both weapons and space, but guarded as usual with regard to who the potential customers may be.

I felt that much of the optimism may be founded in the recent White Paper and hopes for the domestic market...although the point was made that the paper talks about policy rather than funding.

Sounds like the current pipeline is good through to Dec 09.

As my holdings are well underwater I was looking for a signal re whether to sell or hold. Came away happy to hang in for another year or so!