What is concerning is the timing of this xtclave recommissioning which seems to have moved out quite a lot
- 12Oct23 when first announced, they indicated that the equipment will be reassembled in the US in 1Q24 - 29Feb24 when they released 1H24 results, they indicated that likely recommissioning in 1H25 (so Jul-Dec24) and costs will be higher than forecast - 2Sep24 with FY24 results indicating that it will be CY25 in 2Q (so Apr-Jun25)
So I assume they are not selling xtclave product at the moment given the equipment is no longer in Adelaide and either in transit of sitting in Ohio waiting to be recommissioned - what exactly then are they selling if it's not their top of the line product?
HCL Price at posting:
17.0¢ Sentiment: None Disclosure: Held
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