Post by
wasitreallyok on Jan 12, 2022 4:58pm
Inventory
I wonder if the company has started manufacturing torches to have as stock so when the orders come in they can deliver asap rather than increasing the backlog.
I think we will find out in the upcoming financials as they would be reported as inventory, or assets ready to be sold.
Comment by
StairwayTo on Jan 12, 2022 5:17pm
Was wondering the same thing 18months ago when we were told that 100’s and possibly 1000’s torches would be needed. The answer then was that Peter said, it can all be handled with subcontracting some parts. My take on this is they would have to wait for an official contract before they start buying and subcontracting millions$ in material. . .
Comment by
kjs4381 on Jan 12, 2022 5:36pm
I would think that it would be hard to make them in advance, I think they have to be made specifically for each application. I'm only guessing. I'm sure once they do get the order there will be instances where a number of torches will be the same and in that instance, they can make them in quantity. Jmo
Comment by
StairwayTo on Jan 12, 2022 10:05pm
but he forgot a small detail, they don't run on AA batteries [/quote]
Comment by
wasitreallyok on Jan 12, 2022 9:22pm
KJS4381 - no I don't think it would be hard as they have all the spec seeing they have already done computer modeling for the three customer who have enquired. Also with the request for quote they would have got all the specs in able to provide the quote.
Comment by
kjs4381 on Jan 12, 2022 9:42pm
Yes you're right, I forgot about the modeling, that definitely makes it possible to start any anticipated orders.