Ann: Chairman's Address to Shareholders, page-8

Good observation, Ozwire.
You are on the money.

RA has always been good with claims of "potential" without any qualification or explanation .. e.g. if the machine operated at 100% capacity and 100% yield for 24 hours every day for a year. etc. etc. etc. That is how he calculates "potential" when giving rosy pictures to investors etc. ... conveniently ignoring all the other production issues and limitations that have not been addressed or resolved. ... and the Board continues to be sucked in.

"Potentially" I could travel at 300Km/ hour ... if dropped from a plane !!

The questions need to be asked (preferably by the Board) what is the ACTUAL production that is being achieved and what are the sales. That is the only measure of success.

Ozwire is exactly right about the drying process (of the veneer).
That's has always been the limitation (labour input and duration) of the entire veneer production process.
That is never talked about in any presentations, nor shown in any photos.
At Walkamin they had a great big production dryer. How are they doing it in Egypt. ? With tea towels. ?

Just the same old photos/video of veneer and fibre coming out of machines. Nothing new.

Always talking about "potential" ... never "achievements" . Same old, same old story.