bullish
Amaero International (ASX:3DA) - "Plan B" Brings Risk but Potentially Greater Returns
SUMMARY
- Amaero has substantially shifted its strategy to focus on titanium powder production with a new project planned for the UAE.
- With the greenlight slated for the end of June 2023, we conservatively anticipate first production in H1 FY25, powder qualification in H1 FY27 and "at capacity" production in H1 FY2.
- We have substantially restruck our earnings forecasts to reflect this new project.
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