TNC 5.13% 3.7¢ true north copper limited

desperate times for transol, page-6

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    Raffles, tucked away in the annual report is a line which says that "Speed camera trials are scheduled to be completed in 2004-05".

    This is a fairly clear statement that they do not yet have a speed camera product, nor any expectation of one during the current financial year. Given the small amount allocated to R&D, and the looming cash crunch, you would have to question whether we will ever see a Transol speed camera, before the company makes a Poltech-like exit.

 
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