For those who can smell potential. This stock was a previous " Haselhurst " special. Sadly they do not have a great marketing machine, hence an abysmal market profile, and have languished during the current downturn. During that period they absorbed an engineering company which happens to be based in Gladstone. All those following the gas sector know the potential of that area. They renew tools, heavy machinery etc, mostly for the mining sector and large industry like Alcoa using a special LaserBond Technology.. Last years financials are showing a significant improvement with long term domestic and international contracts in place. This grant should allow for a significant rerating of this company's potential. DYOR and think whether companies are going to be purchasing brand new equipment with easy to get finance over the next few years or retooling old ones to be good as new. Mmmm reduce that carbon footprint!
LBL Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
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