My two cents: I am concerned with the poor communication, but I have to agree with lf on the balance that the company has been heading in the right direction for awhile. Some speculation on my part:
Could it be that the company started on a third mill, but the nature of orders has changed such that real estate at Malaga is now the constraining variable? I notice the real estate for Indonesia is significantly larger.
I would be interested to know how AYSI is financing the new facility. This will be very big for shareholders. If the FINRA accusation has merit, the current slide could be based on concerns of financing/dilution. Purely speculation, but another explanation.
Based upon the past, now that I know the company was working this Indonesia deal, I am not surprised we aren't getting updates and what we get is garbled. AYSI management has historically spent their time on the business side and the communications has always suffered. This is not an excuse, but may be a fact.
Details of this expansion will be critical to shareholders. My biggest fear is that the financing will over-leverage AYSI and any demand lull will drive them underwater. Ongoing high demand through the establishment of Indonesia will be critical. It will make me feel alot better if there is another non-Australian contractual agreement that surfaces in the near future. For the short term we will hopefully see increases in revenue and if AYSI convinces the investing community that Indonesia will take off, look out! Unfortunately, with the poor company communications, the investing community may not be convinced until late in the party.
May you live in interesting times will be an understatement for AYSI for the coming year...
AI
