Alloy Steel Inc. (fka AYSI)

[RMIWA]

I appreciate that AYSI has posted the last 3 quarters over the past 6 weeks, and hopefully that action helps position the company favorably for the needed debt to complete the Indonesia construction. It is frustrating that the debt has not been acquired, but on the other hand I would prefer that AYSI obtain the most favorable option available. I have seen numerous other companies of this size who don't hesistate to dilute the stock or over-extend. More transparency would be ideal, but AYSI has shown an ongoing ability to generate sales and associated income. Still a risky investment and the ore market is turning unfavorable, but the upside still exists.

Mat