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Hi Roger,
What impact on the MCE 2011 result do you think the high $AUD will have, taking in to account 80% of their products are sold overseas?
Obviously it makes it more difficult for the company to increase product prices in the short term.
Also do you have a timeframe in mind when we may see a capital raising to help fund stage 2 of the Henderson facility?
Below is an exert from a recent article published which is very positive for Matrix going forward if it comes to fruition.
“The National Energy Board is considering forcing oil companies to drill a secondary relief well in any deepwater Arctic exploration project, as part of a review of its regulations following the BP Gulf of Mexico blowout.”
This would lead to more oil rigs in the field and more demand for buoyancy equipment.
Hi Michael,
Both are questions that I could only give you estimates on. I will forward the two questions to the company. Keep in mind that any change to profit expectations of more than 15% is usually a continuous disclosure issue. I note the announcement today that deepwater drilling in the gulf will recommence now.