Yet another step in the right direction. I think the market has all the validation it needs, just need some larger contracts to come through so that the market can envision scale and profitability.
Contract after contract AML is proving she can deliver on time and to specification while decimating lead times and improving the operational performance of the parts that she makes. Good to see her tracking back into the 7s, but it remains to be seen whether or not this holds through existing shareholders being issued shares at 5 cents apiece. Hopefully this doesn't result in a lot of selling volume, but I'm pretty sure a lot of shareholders like myself participated in the raise to average down, and I doubt many people will have much profit taking incentive to sell until we see 7.5-8 cents or higher (excluding recent buying volume from 5.5-6.5 cents). Then again, who knows.
Either way good work AML, hopefully some more contracts to come before the end of financial year and especially from the US Navy and perhaps even from BAE. Keen to see an announcement about the facility after the raise wraps up.
AL3 Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
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