While demand for the product and as a result theprice has been low, TAA share price has drifted from 15 to 5. Since the reorganisation of the arrangements with Kismet, what has been lacking has been solid long term sales orders. This announcement looks like giving the company a solid base, and also acess to a new product market, aerospace, The company is only capitalised at about 17 million after todays jump, so a multi-million dollar contract is significant. The share price has the potential to move significantly higher, before any pullback.
TAA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held