Automotive Contracts, page-25

Hey Ash,
I can't see them looking at a capital raising at these prices. I tend to agree with coco that a couple of good announcements will see the price move up into the mid 20's and possibly further if we get some positive unexpected news, then they may look at a CR to capitalise. Mr Marino did say on the 9th July that we should have confirmation on the 100o part "Holden" deal in 3 weeks, so I don't think that's far away.

The govt also is just starting to leak defence spending details, the last couple of days the govt has confirmed Adelaide will continue it's ship building program with the next line of Naval frigates in an 70billion 20yr spend, so while not on the same scale, hopefully the hawkei confirmation comes out soon as well. The finalised defence white paper and purchasing details can't be that far away now. I'm a longer term holder anyway, so the markets daily gyrations don't worry me too much. All IMHO and importantly DYOR.

Cheers....