I think management were to blame for the 2016 shenanigans. Things seem to have improved since then and the damage is more than priced in (in my opinion). We definitely need some new big contracts at some point and I believe they are in the works. There are some big US navy contracts that ASB is going to tender for as per a recent announcement. The US also financially aided us with kitting out for steel ship building so it would seem odd to me if they weren’t planning on using us to build some steel ships.
pretty sure the guy responsible (at least the guy that took the fall) for not updating the market in a timely fashion and getting us in trouble with ASIC has gone now. I’m working off memory now so anyone please correct me. I try and follow too many stocks (and drink too much!) to remember all the fine details.
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I think management were to blame for the 2016 shenanigans....
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