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I suspect they've had a number of plants lined for a while in...

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BobLoblaw

3,484 Posts.

340

05/05/23

16:52

Post #: 67631574
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Originally posted by No_8: ↑

Maybe that buyer has read the annual and qrtly reports and now understands EM are investing big time in a seeming tripling of capacity? We have been forced to wait for the run of Gen 2 chips while the production capacity is expanded. I dont mind a couple of months delay if that means EM capacity has been expanded, presumably to meet what they know is required to meet the initial demand. The investment to expand capacity from the original 50M pa from 1 line to now 3 lines would be very considerable. This is a extremely positive signal from EM to the market. Happy that an investor seems to have picked up on this disclosure.

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I suspect they've had a number of plants lined for a while in order to produce the 50M p.a., it's just that AKP have now been able to announce it. I'm sure if EM now had the ability to produce >50M p.a. that AKP would've said so.

AKP Price at posting: $9.90 Sentiment: None Disclosure: Not Held
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