Mark Bouris - Going Public: DroneShield
For those interested, Oleg Vornik sat down with Mark Bouris to feature on his show (in partnership with Stake) 'Going Public'.
You can find it here on youtube. It is also on Spotify (just search for Mark Bouris or Going Public).
From yesterday's ABC article about EOS Defence Systems the following tidbit of information was interesting: "Despite the growing importance of unmanned aerial vehicles, as demonstrated by the Ukrainian conflict, the Australian Defence Force still has no counter-drone capability within its current Integrated Investment Plan."
The following is a key summary of the Integrated Investment Plan spending between 2016-2022.
Presumably, a dedicated allocation towards counter drone capabilities in the future would act as an industry wide tailwind including companies' like Droneshield's adjacent technologies.
Sorry If this has been shared already - Busy work work.. Just catching up.
DroneShield receives final Instalment payment on recent $11 million dollar order.
DroneShield CEO, Oleg Vornik, commented: “We have received incredibly positive feedback from the deployment of our equipment under this order and are under discussions for follow-up purchases from this customer.”
Follow up purchase would be great, plus a $2 Million R&D Tax Incentives.
Sales pipeline Increased from $200 Million - $250 Million ( I know, nothing till the deal is signed) positive though.
Hold and Accumulating.
One great lesson I've learned since joining Strawman is to document my reasons for holding the shares that I own. Had I undertaken this lesson earlier in life, I'm sure I wouldn't own some of the shares that I own, but better late than never.
With this in mind, late on Friday afternoon, I sent an email to Droneshield's investor relations with some questions that I couldn't find answers to in their investor update of 26/4/23.
Five minutes later, they provided me with the answers to my questions.
While I was not expecting such a prompt response, I was pleasantly surprised, particularly since the email with the answers came directly from Oleg.
I did momentarily wonder whether he should be doing something more productive with his time for the business but perhaps this is the joy of small cap investing, that you get to hear directly from the management team.
Disc: I own Droneshield IRL