Is this the turnaround for DC2?, page-35

I think today’s announcement regarding Modular DC answers your question.

my frustration has been the lack of progress in selling Bibra capacity and getting accreditation. However their focus has been clearly on Modular DC and the sales of the mid west capacity which will generate $2.5m/year will turn things around.

Regarding the poor communications, I find that it’s good to have board and executive team as solid shareholders but it also works against the smaller holders like us, as they just focus on longer term results and don’t have to worry about being voted off. In the long term this team can deliver. They have imo a sales issue around Bibra which they keep saying will be solved by Accreditation being achieved; I am not so convinced. However, Modular DC developments look like they will deliver and save the day.

I topped up a bit this morning on the expectation that over the next 4-6weeks we should see SP increases, particularly after a positive March Quarter update.