AVA 4.55% 11.5¢ ava risk group limited

Ann: Indian MOD Data Network Protection Project Update, page-8

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  1. 390 Posts.
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    Indeed...... I'm waiting for the conveyor fibre integrity business to come about. I think that it's going to be a winner. I have a mate who works for one of the big 3 miners as a project manager and they are all looking at it now (Not specifically AVA) but it is going to go gangbusters. Stopping a conveyor loses tens/hunderds of thousand of tonnes of throughput and to have the bonus of early detection of bearing/rollers potentially failing, gives them the opportunity to replace quickly, rather than repair expensively in terms of time and money.
    I personally don't see another CR in the short term, unless they win a major supply contract requiring high upfront manufacturing costs. the rest of the business is providing the working capital at the moment. Having said that, if they do win a mega contract, I'll be more than happy to buy some more stock when offered retail.

    GLTAH
 
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