I think the time to average down is now. Just like you and many others I have been frustrated at the consistently low share price which I think has been in response to the low margins on production and perhaps excessive spend on research and development. The new direction seems to be to cut down on R&D, secure new contracts, increase production, increase margins, and implement other cost savings to move to a cashed up position. The forecast for next quarter is a cash positive position which clearly will be achieved. From there hopefully the future is much brighter for all of us. I'm hanging in because I think this is one Australian manufacturing company that is in a great position within the defence and aeronautical industry but also ready to expand into automotive parts production. I bought another 150,000 recently to average down.
Add to My Watchlist
What is My Watchlist?