It is no longer a basket case reliant on 2-3 clients and 3...

It is no longer a basket case reliant on 2-3 clients and 3 industries.

Move to a specialised OEM vehicle is good. Move into other markets is great as well. Always sad to hear of "accidents " where people have died like a recent one in NSW garbage truck that should have been preventable on several levels but what miners are good at is recording near misses and situations that gives them insight into what they need to stop incidents. I death is probably after 10-50-100 safety incidences that normally don't trigger a solution unless worksafe, coroner , unions lawyers etc make a point.

Mines and other worksites via OH&S will eventually all end up with a failsafe type product or something else that meets the physical or electrical controls to stop injury. It is not the only product out there and other machines being hydraulic or hydrostatic drive have other methods of ensuring no movement when not intended etc. Newer mine vehicles in some markets will be electric down the track etc.

Majors don't commit more than they have to in general and it is a segmented market on exactly where it is required. They weigh risk . Look I would like to see it as a control in every medium rigid and heavy vehicle to have secondary failsafe brake and light vehicle in high risk areas and I guess when that becomes a standard it will happen . At the minute it isn't and companies do " training" and education and see that as sufficient. Yep all good until it doesn't work - humans are fallible .

Problem I see is no IP to protect em

So they create market opportunity, market expands, oh&s , community , worker safety and when it reached a scale the big boys roll in and if there is no " moat" be it via IP or market acceptance and dominance there is no premium to ABV holders .

So I am a wait and see and I perfectly understand why others are more enthused and may reap short term rewards but it all depends on how the company matures. I don't see it as massive growth but I do see growth of small base that may excite some and probably overexcite some. All expansion will probable come with requirement for $ or the company needs to explain capacity they can achieve without doing so and that would boost price. Thales project shouldn't be too demanding to do in theory for the physical supply but there is more than that and I wonder just what Margin ABV will get as Thales are hard negotiators in every aspect.