VYS 0.00% 42.0¢ vysarn limited

Ann: Annual Report 2020, page-45

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    They have definitely stepped back from announcing smaller contracts as the company has matured. Case in point, no works package/ contract with Newcrest has ever been announced to market but they were in the company presentation in September as a key customer. Also in their rig utilisation update in August, they just said the 7th rig was being redeployed in September without any detail. So unless it is a big multi year multi rig contract, I doubt we will get an announcement. I do expect the tender results for one of those multi rig multi year announcements should be in the next 4-6 weeks.

    Looking forward to the AGM to get an update on that and a few other things.
 
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