"Highly diversified with over 350 total projects included in pipeline with an average project size (excl. BOO) of $1.9M"
I just wanted to also highlight for those that haven't/wont listen to the AGM meeting recording the comments by Tom on the difference he sees between the terms "pipeline" and "backlog". He was very excited by the pipeline opportunities and made these important points;
In China, they call their pipeline as jobs waiting to commence or in progress, whereas in USA, Tom calls these as backlog;
Tom calls pipeline as potential jobs, all opportunities and I suspect at various stages of meetings, proposals, quotes etc.
He was terribly excited about the average size of these projects $1.9M indicating that if 1 falls over it doesn't necessarily impact on the other 100s. Note to self, as the majority of these fall under the $3M threshold, don't expect announcements every couple weeks.
Finally, Tom mentioned that all his years at looking at pipelines, he is excited at the number and depth of opportunities.
Anyway, just my recollection
IMO
FLC Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)