GREY:FTPLF - Post by User
Comment by
Nighthawk40on May 06, 2011 11:17am
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Post# 18540181
RE: RE: Corporate update
RE: RE: Corporate updateKey points:
1. Thurso Conversion is on track and will be producing DP in 5 months.
2. To enhance share holder value, FTP is "diligently" looking to purchase "under-valued" assets. Chad's strength.
3. Efficiency improvements at the Dresden Mill and Landqart Mill will reduce labour costs.
Both divisions are positioned well to improve on their sales from 2010. Higher profits are as a result expected in 2011 & 2012.
4.The Fortress Optical facility construction is on schedule to coincide with the Thurso Mill DP conversion start.
Production / sales expected in the 4th quarter of 2011. Plus the R&D patent rights will help FTP bid for additional currency contracts.
5. The statement of claim is being defended vigorously. The burden of proof is on "Sateri".
Expected "Cash flow" increases in 2011should enable FTP to meet or exceed their projected EPS projections.