($20 mill MC approx)
(so EV around $10 mill , should be many times higher based on revenue)
• $10.0M cash at bank at end of the June Quarter
• Record cash receipts of $17.8M during the June Quarter (+300% quarter-on-quarter, +360% year-on-year)
• ~$50M of contracts awarded during FY2019, which together with a further $5M of extensions already awarded in July 2019, provides a solid platform of contracted FY2020 work
• Largest contract to date awarded during the June Quarter – $10M at FMG Eliwana Mine by ATCO
• Repeat contracts continue from Tier 1 clients including MSP Engineering, Rio Tinto, Iluka Resources, Salini Impregilo, BHP and others
• $2.4M placement to domestic and international institution
