FWIW I have ploughed all my dividend and CR back in to AVA on...

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PJ62

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19/05/22

01:03

Post #: 61489196
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Originally posted by SteveSage: ↑

19th April update (my emphasis in bold):
As advised in February 2022, FFT has been requested by a global mining company to integrate its advanced conveyor condition monitoring solution with a fibre optic-based fire detection solution. Ava is pleased to advise that the qualification of Aura IQ with the fire detection fibre optic cable was successfully completed by the end of Q3. Based on the successful integration, purchasing approvals within the global mining company have recommenced and are expected to be completed within Q4.
SO many deadlines have been missed so hard to trust mgmt on Aura IQ, but this feels like we should be getting some update before the end of the financial year (so 6 weeks). Even if the amount for FY2022 is immaterial, the fact that someone has signed up leads me to think that contracts after that may be easier (I was listening to a Rask podcast/video on RUL and Owen Rask's view was that it takes time/effort/investment to get a single miner to implement any material change in how they do things, but once a single (reputable) company gives them an opportunity, the sell to others becomes much easier).

Fingers crossed that we are hopefully 6 weeks before we find out about Aura IQ (I expect mgmt to be proactive rather than trying to sell a poor message/result after results are reported in Aug).

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FWIW I have ploughed all my dividend and CR back in to AVA on the basis of ''run your winners''

Whilst I as disappointed as anyone that news contract news has not yet landed on AURA IQ, I think we need to remain grounded in just how difficult the final hurdle of getting the relevant approval and signature by a mining company probably worth x1000 that of a £30 million market cap Company called AVA. No doubt any large Corporation is using all its muscle to try and drive margins lower. The fact other trials are in progress will hopefully twist the miners arm now.

AVA Price at posting: 21.5¢ Sentiment: Buy Disclosure: Held
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