You nailed and I am on the same wavelength. The non disclosure aspect of that press release was what stuck out. Something tells me they have possibly entered into the supply chain of something and in effect directly made that very statement.
A while back, I posted a US DOD report on a supply chain issue with the handful of Virginia Class and Ohio class subs slated to be built and falling behind due to parts procurement.
Now toss in AUKUS submarine build program and the ever growing “China Rising” (Great book.. recommend) threat and one can see an exacerbating issue arising.
This is why AL3 and the. Alchemy printer will also benefit. I have yet to take a position in AL3 but note that they just received a grant from your government along with money they must put in. They have expanded to the US for a reason.
3D because it mitigates supply chain issues is going to be a very strong catalyst to get these submarine as well as ship retrofits back on course. There is a possibility that once the powers that be have a bell go off in their noodled brains, this industry could explode upwards.
So yes, as I woke up this morning on the east coast here in the US 50 miles from a Submarine base.. lol.. I expected the share price to have recovered much more.
Sometimes there is a delayed action… We shall see.
TTT Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
(20min delay)