hastie purchased spectrum only 2 years ago. I know old management had the company in disarray. But find it very hard to believe they would purchase a company who has held losses for 8years before purchasing it.
Futher to that being it was a private company don't know how anyone would be privi to that info or how the directors kept it afloat lossing money for 8 years.
With the desel plant as ive stated before i don't believe hastie has major contracts there. I know gordon bros had some contracts and they would have other minor ones but I'm fairly sure nothing to major there.
Futher to this being a government contract there will be heaps of extras and they will get their money if they did lose any.
HST Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Held
