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Ann: Offer Document, page-5

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28/03/24

14:25

Post #: 73105355
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Originally posted by SebTaylor ↑

"
These guys have had years to get their act together under several management regimes.
"

You're not wrong there - you have to wonder about supporting a company yet again after so much money has been chucked at it by shareholders in the past.

It's not necessarily that the products are ordinary, but perhaps a case of a number of factors including .... limited funding which always restricts what you can pursue, hence the focus on bedding, which if the market has a downturn you suffer / .... often long development and testing times (jeez FR on uniforms, but even Body Armour - its not quite a "drop in" product) / ..... pricing, Nick Clarke for instance sold alot of product but at a poor margin, we are selling now but at a good margin ... which leads on to management and that whole NC era .... / another factor is volume, they need to sell a lot of treated product to gain decent revenue

I'll probably look to buy more with the raising - in fact I have an order in at .12 at the moment.
I think the team now is the best we have had - with Simon, Billy and Bob (and Rosheen would have helped make some hard changes as well), and the fact that Collintons and Wentworth are buying in at a premium over shareholders and underwriting it and Billy is chucking in $150k - suggests that they see a chance and so perhaps following the "inside" money could pay off.

But this is one for individual shareholders to decide on their own, and thankfully as its underwritten the company still gets all its required cash needs.
I don't think the ship will turn around quickly (i.e. 2H this year) - but hopefully 24/25 could bring in ongoing positive cashflow.
The company can turn a profit whether the Army comes through or not - but if it does the returns could be very good (at least from where we now)

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I'm happy that you are investing further because they obviously need the cash. I recently participated in a SPP in another company that hasn't been traveling well over the last few years but the difference was that it's high risk/ high reward. In this case it's just high risk/ low reward. If the growth continues on this trajectory I will literally be dead before they are a thriving business. I'm almost $110k down on this and would love to get out with with something meaningful.

AJX Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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Ann: Offer Document, page-5

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

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Ann: Offer Document, page-5

Top Stories

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

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Nimy to raise $1.21M to explore 'newsy' WA targets

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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