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Technology Stocks : Metal Storm Ltd

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To: Ben Wa who started this subject4/20/2004 6:41:30 PM
From: Henrik   of 75
 
Date 20/4/2004
Author Andrew Fraser
Source The Australian -- Page: 22

There has been strong interest in the shares of Australian weapons manufacturer, Metal Storm. Its shares were trading at $A0.43 on 14 April 2004. The stock opened at $A0.495 and closed at $A0.55 on 19 April, with over 10 million shares traded. Much of the trading came from the US. The company has been promoting itself to US institutions and has had good media coverage in the US. Metal Storm produces a gun that can fire up to a million rounds a minute. It will also produce a hand gun for use by ordinary people in the US.
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