Alloy Steel Inc. (fka AYSI)

[RMIWA]

It is frustrating we had to wait this long for the first quarter and no comment about the last two quarters. It is good to know that demand was still high, but that was 6 months ago so it has to be tempered a bit. It is good that there has been some small progress in Indonesia, but that opportunity remains in jeopardy until funding is secured. I have always been happy with the fact that AYSI has not diluted its stock, but that may be necessary if this continues much longer. I still have a decent investment in AYSI and remain cautiously optimistic about the future.

Mat