Alloy Steel Inc. (fka AYSI)

[RMIWA]

I agree that conservatively AYSI should be able to generate $7-8M/qtr which I would hope would result in net income north of .10/shr. If the two new mills are constructed using existing cash flow like the last one was, I would hope AYSI can stay steady around .10/shr until the next mill is functioning. It would be nice to know the costs of the second mill. Property and equipment costs this year were ~100K/qtr and the last two years were between 500-650K/yr. The costs of the second mill were not particularly evident in the numbers as I saw them.
I hope the next two mills are funded through either short term debt or existing cash flow and that dilution is not necessary. The lack of dilution by AYSI has been a significant factor in my confidence of management and the company.