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Lefevre

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22/07/20

15:53

Post #: 46030474
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Originally posted by Rangerandherra: ↑

Rorbag, good question. Obviously they were not appointed as Directors, but one would think they must have some commercial/financial arrangement to participate in strategic advice or acting on behalf of the business.

The March 2020 quarter 4C report actually had lower "Staff costs" than the December 2019 4C, so yes, the next quarterly will be interesting to see if those costs have gone up much.

I will also be interested to see how many of their "June quarter" milestones were met, with updates, from their accompanying statement on 30th April to the March quarter 4C. We obviously have been advised on both the building industry and auto manufacturing status updates, but not the aerospace one from memory.

"In the June 2020 quarter, Amaero will further work towards the achievement of the following milestones:
· Completion of Stage 1 qualification Statement of Work for one of the world’s largest global aerospace manufacturers on EOS M400, with the potential of ongoing manufacturing purchase orders once the 3 stages are successfully completed.
· Receipt of first commercial purchase order for US operation.
· Entering into an agreement with a $3b leading building industry manufacturer to manufacture prototypes of new manufacturing tooling, to demonstrate that 3D metal printing is viable for ongoing tool supply for their operations nationally and globally.
· Commencement of additive manufactured tooling project with global automotive manufacturer.
· Implementation of digital marketing campaign to promote the AmPro machines, with the aim of driving sales for the new AmPro SP500 and SP100 machines at El Segundo (USA facility).
· Delivery of Pathfinder proof of concept exemplar components to a global aviation manufacturer to demonstrate performance to required production specification and manufacturing readiness level to meet future manufacturing requirements."

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I think if anyone of those milestones had been achieved they would have announced it.
Looks like given the covid situation they might take a little bit longer to play out.

I sat in on the last zoom presentation and there were plenty of imminent deals in the works.

3DA Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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