Ann: Company Update , page-7

The real issue here is that whilst they are finally taking necessary action to write down where needed, this company has drifted directionless for the past 18 months. They tried to turn around the company then and failed, experimented with CEO's and failed and now they have appointed somebody with project experience, but no public company experience. The other question to be raised about him from the CV is that he has great experience in Canada and was most recently working in QLD, but where is the regional WA work to sell the Nomad Modular business. It is great that QLD will have all these wonderful CSG projects coming on line in the next five years, but WA is booming now and Nomad can't sell its product here due to competitive pressure from lower cost manufacturers importing crap out of Thailand and China...why don't they focus on capitalising on the booming WA mining sector with a 'local boy' who has contacts here, public company experience and dealing with institutional fund excperience.

IMO woof woof, focus on some other industrials that have proven management. Why be in a sector where you can make lots of money if management don't know how to, or aren't proven at it?