Hi fellow holders.There were about 14 people at the agm today which is three times the number in july.Much more interest being shown by a generally bullish crowd .Also a presentation that you should find on the ace site. Cash flow remains tight and an issue but management are on top of this.Ace has received enough money already from the jv in india to help out.The share holders fired volleys of questions about all concerns and we all seemed satisfied by the answers.I liked the bit about the prompt payments from india on the completion of development mile stones so far and that in the first yr we are looking at 4000 units for a total of 16000 over three yrs.A company making contract.There was a great slide in the presentation showing operational and trial bus numbers superimposed on the map of China.next yr looks to be very interesting from where Im sitting.Remember Im bias and hold.
ACE Price at posting:
7.0¢ Sentiment: ST Buy Disclosure: Held
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