Way off the mark on some of that, Anchorage sold out way before Turnbull bought in, Anchorage sold in Aug / Sept 2020. Turnbull bought in June 2021, different sales and different buyers with different reasons. Dont place all your hopes on the defense business, its low volume high margin, but they need to get the big mining users back on board before they can duplicate H1 22 results in the future, recently departed CEO had the relationship with all these mining end users and manufacturers as well as the large defense users, the relationship as I am told is at ground zero at the moment since he left and will take a lot of time to get back, Z grade for Rheinmetall is also an issue and if it does not pass TL qualification for Rheinmetall then the whole package may be lost to overseas qualified suppliers, Hanwaha is different. Just my Intel, not financial advice.
BIS Price at posting:
$1.60 Sentiment: Hold Disclosure: Held
