Ann: Shareholder Newsletter, page-67

I don't know why anyone is surprised by the margin pressures. It was telegraphed in the 4c when talking about December volumes, and also when they first mentioned the new testing machinery.

I don't think volumes will be an issue here. It's purely margin pressure, which was already known. Having said that, I was surprised the share hadn't dropped to low 20's previously. I guess some people are slow to cotton on and need it spelt out for them.

Regarding confidential agreements, if it's been said many times before then the market is likely to discount it. The capital raising was supposed to get them ready for new massive orders though, so who knows.

Regarding REACH registration, I don't personally remember any mention of timelines previously.

Only keeping an eye on this because I previously held (lost a bundle) before jumping out at 37c (after the cap raising).