Ann: Preliminary Final Report, page-23

Labour hours when I looked were $45ph or less JUSTBOB.
Flight hours maybe around $10,000 per hour based on inflation and [ref]

The potential 111 flight days gained I thought may have just been emphasising the sum of the flight hours.


I was a bit disappointed with the report.
It seems that we’re supposed to be thrilled with AEM growth, yet that company was laid upon shareholders like a cuckoo’s egg… supposedly already sited in a building refurbished for the production of CVM sensors with great forward contracts of its own.
Since then it has not only cost significant dilution and I know not what else (to pay the now departed heads of that company)
.. never provided any profit
Plus SMN shareholders have had to fork up costs for firstly the purchase of an entirely different radio business to subsidise it and support the fact the long term contact it was dependant upon was not actually reliable, then they had to pay to relocate the building into a new premises suited to manufacturing all the Eagle audio stuff

Now?
Still no profit and “increased employee costs of $8.26m (2022: $6.86m) arising from the increase in staff count undertaken by AEM during the year.”

And no update on any impact (or not) from the bushfires?
Nor clarity on Delta in regards new APB fitouts or the licensing agreement.
Just a note that accumulated losses are now at more than $63m ……

How on earth is this company ever going to reach the position of needing to pay tax?

Spoiler : Accumulated losses