G'day all... DYE looks like a nice promising new technology. It even landed a $3.15 million deal in Greece, straight after listing in 2005 to supply the technology and materials for a new production factory..... I was seem like everything was rosy for DYESOL on day one... However...
I am more into the market potential revenue when analyse industrial stocks.... If this new generation solar energy coating technology is so good then:
(1) I just can work it out why there is no significant revenue generated from this technology to date ?
(2) Half Yearly report shown 15% reduction in revenue to $1.563 million in 2009. Loss has also increased by 37% to $6.223m... Can someone please explain why ?
It seems like either the technology is not fully proven and that translated to a slow industries take up and revenue ????
Please don't get me wrong. I am still doing some research atm to see if it worths my longterms investment profile stocks.. Thanks and good luck...
GSL Price at posting:
89.0¢ Sentiment: None Disclosure: Not Held