This is the part I don't like. The customer is running the business model. My preference is that Australian companies should primarily build in Australia and then deliver overseas. Happy for both, but not for majority done overseas.
Unlike ASB, the XTE products are not capital and labour intense. It does not make sense to build a US plant, save for customer demands.
I'd want a very high garantee on revenue and margins.
Ann: XTEK launches Capital Raising -Placement & SPP, page-27
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