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Should have added that with this more mature reporting style one...

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Parsifal

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30/04/18

10:23

Post #: 32759659
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Originally posted by Parsifal ↑

The tone of this is distinctly different. It appears a little more transparent and has the sense of input from someone who knows how to measure business performance other than by share price and who can distinguish inputs and outputs. It somehow feels to me like it is setting a baseline for us as well.

Caution exists in a few areas however. It is still hard to get a real handle on the sales pipeline and the likely progress of large scale projects. I think that may be because we have had so much "fluff" for so long with constant excuses and heightened expectations that they are somewhat trapped by having to manage that.

The inventory excuse was a few versions ago not the most recent explanation so it doesn't bother me. In fact I would rather prefer a supply chain management practice that was less reliant on substantial inventory as that is potentially dead money - especially if you can't manage and predict your sales pipeline.

Do I think that this shows a new hand at the helm? Yes decidedly so

Do I feel reasonably comfortable? Yes - given that they have to manage the damage of the past.

In saying that I think we are probably a little ahead of newly commercialised business but way behind where we thought we were. I'm also not sure the explanations around the three cornerstones are entirely satisfactory. On reading them closely I note the following

The military is still stuck in the sales/realisation phase even if it is progressing. They can't declare certainty though it would sure be interesting to know how they are forecasting likely success rate and dollars

The mattress market may have stalled or encountered new barriers and it bothers me that is regarded as a cornerstone initiative

The fire retardant market may or may not be smaller than we were originally told with fewer products. It seems we are far earlier in the commercialisation phase across a large product range than we were led to believe.

Btw are their variance increases or decreases correct?

Parsifal

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Should have added that with this more mature reporting style one might reasonably allow a period of grace. But I bet the executive team will be given some hard measures and held to account. There is an underlying tone of toughness that I like

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AJX Price at posting: 17.0¢ Sentiment: None Disclosure: Held
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Should have added that with this more mature reporting style one...

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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Should have added that with this more mature reporting style one...

Top Stories

Buxton projects new graphite province discovery at WA Narryer play

BCI reaches close of funding facility for salt-first part of Mardie project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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