trading halt, page-27

Announcement dated 30th Dec is the key.
They got the green light to proceed with phase 3 works for the 1.47 b engineering.

Given that clients are aware of Forges financial position, My guess is they may have been given terms as part of the agreement to start. Samsung C&T would not give a green light if and when they are not confident with the team.

My personal experience in the service industry with another listed company in the same sector, the co gave my newly formed company the opportunity to mobiles the staff as well as bankrolled for a period of 4 months. contract was only 1.5mil but for a new start up it was a miracle.


Announcement dated 30th Dec

Forge Group Ltd (ASX:FGE) (“Forge Group”) is pleased to confirm that Samsung C&T has provided formal notification to proceed with Phase 3 works for the $1.47 billion engineering, procurement and construction (“EPC”) contract of the processing facility at the Roy Hill iron ore mine project near Newman, Western Australia.