Too right ,its much more important that the factory managers are directed to ensure we are producing the right suite of products that align with maximising our Profit rather than nameplate capacity in terms of tonnes.
We are not a one product outfit, if we were ,then I would agree ,tonnage output would be very relative.
Who is going to complain ,if by being selective to client needs we achieve twice the Profit ,and only produce half the nameplate tonnes.
A'ls statement shows a good understanding that tactfull communication is required to get Shareholders to understand this.
In my view this is a very ,very positive announcement and lends support to the reason why a change in CEOs was necessary.
The previous CEO, being production orientated ,seemed to be committed to a irrational course of achieving tonnage without regard to profit.
Get off their back , trust them ,and support the Company.
LYC Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
(20min delay)