AL3 0.00% 6.9¢ aml3d limited

Great read & thanks for taking the time to write !! Agreed with...

  1. 60 Posts.
    lightbulb Created with Sketch. 21
    Great read & thanks for taking the time to write !! Agreed with most of the comments above.

    Unfortunately for Australia, companies such as BAE, Austal, whose funding is hundreds of million $ government programs have conducted trials on AML3D tech. However, can't see the opportunity to leverage local technology to build sovereign capability.

    More so, even investing in house capability or encouraging a local supplier to invest $1M. This is absolute "chicken feed" compared with funding and cost to build.

    Or additional contracts direct with AML3, which would be even more valuable to AML3D in short term.

    This feels like there is no real incentives to drive costs down. Maybe they are on "cost plus" contracts or more comfortable with current supply chain ?

    This is a MAJOR loss for a very innovative Australian company developing leading edge technology. Unfortunately this could in the long term result in no further AU operations.

    AML3D's "right sizing" Australia's operations is an unfortunate outcome of how Australian businesses (especially predominantly Government funded defence) do not embrace and leverage technological leaders in Australia.

    The setting up of US operations makes sense for obtaining new contracts in US and driving this business.

    I will be supporting the 1:3 capital raise, as this move is critical for the business. This will be a financial risk, however believe if the business does not proceed with this path, it runs the risk of not succeeding.

    Good luck to AML3D.


    Last edited by bjk007: 08/04/24
 
watchlist Created with Sketch. Add AL3 (ASX) to my watchlist
(20min delay)
Last
6.9¢
Change
0.000(0.00%)
Mkt cap ! $16.25M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 20000 6.2¢
 

Sellers (Offers)

Price($) Vol. No.
6.7¢ 7400 1
View Market Depth
Last trade - 16.12pm 15/05/2024 (20 minute delay) ?
AL3 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.