I hope you do make some good coin on this, along with guys like Freddy et.al who have been holding for a good while.
Like I said, at this stage the market has spoken. Maybe you're right and it just needs more details announced but you still didn't acknowledge my request to do some very basic calcs and you didn't acknowledge my KEY concern, that the project will need to be expanded, otherwise the projected 5 years of NPAT for milestone payment achievement does not stack-up particularly well against the upfront capital required. This is JMO but simply stating "it's with the government" does not make it a good project. Surely you realise there is lots of competitive govt tendering in the private sector and not all projects enjoy an amazing IRR?
SOI Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
