Australia's largest stock trading and investment forum Australia's #1 stock forum

SMN

Click for more information

5.50%

57.5¢ structural monitoring systems plc

"Followed shortly thereafter by critical FAA approval" That's...

First 18 Last

Share
Profile

Follow
LetsTryAgain

1,797 Posts.

29

15/02/17

10:16

Post #: 22622846
Share

Originally posted by susieq ↑

Well I may be wrong but I think it relates to this from last years June update

The twin goals of the Programme are to obtain general approval for multiple applications on multiple different aircraft from global regulators, and most importantly, to have CVM™ as a fully mandated, recognized and accessible tool for future maintenance needs which would not require any subsequent, or case-by-case regulator approval on these aircraft. Currently, we are informed that the pre-requisite approvals from the domestic aerospace regulator will be finalized in Q1-2017, followed shortly thereafter by critical FAA approval, essentially a formality given the bilateral agreements in place between all the major global aviation regulators.

I actually think its a good thing s they were saying general approval finalized in Q1 2017 (as above) and things seem to be gearing towards that with this announcement IMO.

Imagine having global approval for all aircraft without having to prove themselves each time sounds like we are on our way to do that IMO but hey I know nothing so just my view

Expand

"Followed shortly thereafter by critical FAA approval"

That's the BIG one the market will go nuts over.

SMN Price at posting: $1.44 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

FG1

Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

AMI

First stope ore could be pushed back to Q2 FY25 due to flood-like event: Aurelia

Talking Australia's very competitive property landscape: Realty Talks

AGY

Argosy signs deal to sell battery-grade Rincon lithium to Korea

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 112 more messages in this thread...

First 18 Last

Add SMN (ASX) to my watchlist

(20min delay)
Last 57.5¢		Change 0.030(5.50%)		Mkt cap ! $78.98M

Open	High	Low	Value	Volume
54.0¢	60.0¢	54.0¢	$135.7K	234.8K

Buyers (Bids)

No.	Vol.	Price($)
1	1600	57.0¢

Sellers (Offers)

Price($)	Vol.	No.
58.5¢	2000	1

View Market Depth

No.	Vol.	Price($)
1	2000	0.600
1	1600	0.570
1	3500	0.560
1	6200	0.550
2	71092	0.540

Price($)	Vol.	No.
0.585	2000	1
0.600	11283	3
0.610	10000	1
0.620	5000	1
0.630	1052	1

Last trade - 15.48pm 18/07/2024 (20 minute delay)

SMN (ASX) Chart