us debt troubles..views on defence plays, page-19

I suppose I should be realistic - but my comments purely relate to trying to make a little money or trying to get a free-carried parcel. Afterall we are in stocks ultimately to make some money from them.

At the moment I think QHL is been assessed as an R&D Company with technology at fruition but no formal contracts in place, and been delivered upon. I would think a re-rating would be in progress ONCE we start earning an income. Then the price can be determined on a PE basis, and not just an projected PE basis.

The other thing I am thinking, is that with the cash-splash as they mention, whether the market thinks there might be another Cap Raising that will need to occur sooner rather than later. The thing is if they get another worthwhile contract or have to purchase equipment etc to licence out to others - that would be a significant expense, and need to be funded. Just putting that (shuddering) thought out there.