I've been reading through past announcements (i find this helpful from time to time to see how company is tracking relative to previous statements) and noticed that in their ASX Release 26 July 2010:
"CXN reconfirm that forecasted revenue for FY2011 of $38 million is based on contracted revenue only, and doesn not include any forecasts from new joint venture agreements recently announced in China, or potential revenue from tendering opportunities currently under negotiation"
It would seem that $38m is a very strong possibility, particularly given it was reconfirmed at the AGM. Looking forward to an upgrade following half yearly results. Contracted revenue is much stronger than just predicted or forecast revenue.
Definately looking forward to next quarter or half yearly results.
revenue guidance
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