Impossible to know really. Management seems confident of the sales and reduction of inventory for the next quarter at least...
Can anyone comment if Chinese government stimulus is also going to the bus and truck manufacturers??
From press release, now til april there are Aussen and Xilian sales for 1.8M. Apparent ´imminent´ orders by HPT to come - everytime the management has used ´imminent´ to date, the sales have come through....though who knows in this climate. And by June sales for 1M to irisbus.
Thats all good and well...but cash position seems critical. And what are they paying, 250k a month interest????
Is it possible to get lending from a chinese bank for ACE?? Clearly ACE isnt a chinalco etc, but it really is in china´s interest that ACE keeps going- environmentally, reduce oil dependence...
ACE Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
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