Hi Quanyum, I had read that quarterly and my reading failed to provide any facts about the procurement. e.g The order, expected arrival, installation and commissioning dates. The failure to provide such information suggest a lack of rigor in the conduct of the business. As mentioned previously if the pump operated for a while a spare pump is a critical item of equipment. With full knowledge of the plan to start pumping, a spare pump should have already been ordered. What does this suggest if, ROG had a contract to deliver product over or by a certain period and a pump fails and a replacement takes six months to procure? NOT a good look in my opinion.
ROG Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
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