HelloI have been a shareholder since 10/2012 and went through the reverse split. I have followed the company since then and lurked here on these boards. I am not a big player by any means, but I have been adding to my position since December. I feel the company is far better positioned than 3 years ago, yet the share price is at just a dime. At times I do feel impatient by a lack of news releases, but then I also appreciate a company that is not just releasing fluff/hype as so many other nano-cap stocks do. I think the association with a mining/commodities company, along with the venture exchange is a big handicap. As we know, this is essentially an American company with the operations in the US and is focused on manufacturing. Most money in the last few years has gone to large cap core and growth stocks and we have not had a distressed market where there are guys/gals out there looking to take bets on the little guys. That is all fine though as long as the dynamics pan out and the company achieves its goals. I'd like an update a couple of things, and if that pans out then I believe we will see a stronger share price.
1. An update that the initial LM contract has been successfuly fulfilled. If we get that, then we can perhaps expect a larger second order, or at least greater confidence in multi year orders for the life of the program.
2. An update on the drones, and hopefully another small contract for production like with LM. The September announcement was not long ago, I believe this is a slow moving process so that does not have me worried. I also believe the continued mention of drones on the Jan IP and social media outlets hints that there is still active expectation of business developing with the drone components.
To me, 1 & 2 can be imminent. After that, shareholders can hope for the extras to boost our exposure. Such as Boeing, other defense contractors/military, new orders for the copper business, and the nuclear research. Nuclear is still far out and they would need a significant partner to get reactor testing, but it is a little nugget that I think has potential.
This is a tiny company by all means. Yet with real manufacturing facilities, employees, and casting technology that has received initial attention from LM at others. While they need financing to expand operations (capicity/furnaces) there is no signifcant long-term debt. The copper division supports itself. Given we are not terribly diluted with the outstanding shares, I am personally amazed this has been trading at around 10 cents after the initial LM news. So those are my candid thoughts at least. I am not here to hype, I am just a real shareholder and believe.