The problem is it is pure guesswork as to whether those deals you mention are still proceeding.
The company has not mentioned any of these deals once since the suspension.
The company has not announced one new contract since the suspension.
It's anyone guess as to whether they are winning new contracts.
The market likes certainty.
There is plenty of uncertainty here at present.
We know that during the suspension the company cited movements in the share price to determine whether a deal was significant or not.
The share price is significantly below the levels they were before those deals were announced. I suspect this is the reason we have never heard more about them, and this is why is took them so long to confirm they were in compliance with ASX listing rules. This is their out.
Gut feel tells me most, if not all, of those significant contracts will not generate any revenue for GSW.
I emailed Investor Relations with a simple query 7 days ago, not even a reply or acknowledgement as yet.
Pretty poor form if you ask me. Hardly fills me with confidence about the company.
Cue the hate, but stick to the facts!
GSW Price at posting:
39.0¢ Sentiment: None Disclosure: Not Held
