I listened to the call and thought CEO Guy Nicholls talked very...

I listened to the call and thought CEO Guy Nicholls talked very well.

He said the tyre recycling initiative will strip out $2m in costs out of the business. wow
$2m is how much they pay 3rd parties to take away used tyres currently.
Now think if the plant then sells the recycled tyre pieces for a decent profit how much this will change the bottom line in years to come.

They noted softening demand so wanted to wait another 2 months before giving FY25 guidance. In the Q&A session it was mentioned they guided $17m EBITDA for FY25 at the last cap raise... they are trying hard to hit that but want another 2 months traded before they update us again.. maybe they fall short with the state of the economy? Either way, with FY24 ebitda at $12.5m it will be a substantial increase of say somewhere between 20%- 36% growth.