STTCOMP A3D, FA LONG
MC 50 million
shareprice 67 cents.
Inked a deal with Worley Parsons to form an Additive Manufacturing Solutions Centre.
Nothing like having a behemoth in your corner.
Thrown a couple of smoke signals lately with the the Worley Parsons announcement
and also their intention to build another two MFP's to speed up the testing process
which raises the question 'why build two more if the first one is not progressing?'
This is a high risk high reward share which some say will depend on a binary outcome
but if they are making ground then the technology perhaps could potentially have
some worth already.
Chart has fallen from a high of 5.39 to a low of 44 cents to bounce up to a high of 69.5 today
and a close of 67 cents. Could stage a spectacular recovery on positive news and given Worley Parsons
are most likely privy to more information(this is my guess) then the general market I'm
hoping to see more developments in the near future.
There is no doubt they have so far over promised and under delivered on the SFP but they
should now have a much better idea on how to set realistic timelines having gone through this process.
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