Two things for me that will be really interesting in their results announcement - order book and cash. What has been the monthly burn rate on the FMG contract, which by my crude estimate could be $8-10m per month. They've announced some recent wins, but perhaps not at the rate they are completing FMG. The $1.5m early works announced most recently is encouraging.
And cash - there was clearly advance payments for FMG and they had a sizable contract liabilities amount at the half year. What remains, and how has performance on Iron Bridge been?
Order book and cash
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| Open | High | Low | Value | Volume |
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| Last trade - 13.44pm 10/07/2024 (20 minute delay) ? |
| WSI (ASX) Chart |