Management are focused on driving the company forward and see earnings arriving from multiple sources. To this point they have barely scratched the surface with respect to Marine, Oil and Gas work that is available. Revenue from America will grow to be a good deal larger than the $$ referenced today. The USA office head seems to be particularly well credentialed and connected. Given the geographic spread of work in the USA and the limitations of a single business unit, it is not beyond imagination to foresee AML3 adding a further base to meet work opportunities.
My reading from today is that UK defence industries will kick on later in 2025 with a UK production facility, in the same vein as the newly established USA office, likely to emerge. I understand that USA defence industries have approved a very significant $$$ increase in additive manufacturing spend. That development is likely to put a rocket under the $40 million contract work that the company reports they are currently chasing.
Just some thoughts post AGM.
AL3 Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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