Pinned straw:
First things first, the management team of AVA does hate releasing anything on ASX.
The new deal is to protect a 30km double decker conveyor syetem, probably a direct result from the first Aura IQ deal with the, as quote, global leading conveyor manufacturer.
As usual, we do not know how profitable this deal is. But still, a 30km conveyor system is way larger comparing to the previous one.
Another interesting thing is, although the location of the project is in Far East, the news was posted by AVA's sales director in Europe.
Maybe Robin took over the conditioning sales after Pietro left the company recently. Again, we don't know anything since the company is super quite when it comes to communication.
It's definetly a good sign seeing more Aura-IQ deals coming in. At one point I almost thought this tech was a total flop and I was probably wrong on this one. It may not be a huge sucess as everybody expected, but it does make a solid addition to the FFT product portfolio.
Also, I would be super pissed if this is actually part of the first Aura-IQ deal, which was only $300k.
Anyway, more and more questions should be asked on AGM. Let's see what the company has to say.
Would have thought if it was a new deal they would have had to make a formal announcement via the ASX. If it is and they haven’t then, if it isn’t and they are creating click bait then, I am not sure what’s worse.