Alloy Steel Inc. (fka AYSI)

[KlausVT]

If the original information is correct then the 3rd mill should be nearing production stage by now and Indonesia is the 4th mill. Maybe management is refraining from commenting on status of 3rd mill after getting "burned" the last time when it took much longer to get mill #2 going and they'll just surprise us when the mill is online and producing. Originally it was stated somewhere that Gene had said there would be space for mills 3 and 4 on their Malaga site but I guess mill 3 occupied more space than anticipated and the site in Indonesia became available earlier so it makes more sense to build mill 4 there.

Since the property and equipment went up more than $500,000 in the last half year ($355,879 from e09/09 to e12/09 and $164,782 from e12/09 to e03/10) one should be fairly safe to assume the 3rmd mill is pretty much completed.

Since they build all components of their mill in-house there is still the possibility that the mill pieces are ready to be shipped to Indonesia instead of being deployed in Malaga but I doubt it.

GLTA

Cheers,
Klaus

PS: I currently don't own any AYSI shares as I sold out last week needing money for my own new house