Replies to post #2843 on Alloy Steel Inc. (fka AYSI)

[gilead23]

FMG order actually no

LF pointed this out to me in a PM. This inventory could not have been that order. If you read the language of the 8k

"Fortescue Metals Group (FMG) has continued its preference for the use of ARCOPLATE in all their mining operations with placement of an order for one million eight hundred thousand dollars ($1,800,000) worth of product this week. "

That release was July 16 after the quarter ended. They could not have had finished goods for an order that had not even been placed until at least a week after quarter end. I still believe this quarter will be a monster. Part of that will be an artificial timing issue but thats fine the artifical rundown was a timing issue as well.