Look the DMC figures are impressive and ticking along nicely IMO, their is enough to get excited about just on the growth profile currently seeing and also nice to see 'Other working capital' reduce somewhat, as we don't want to be chasing costs.
The key bits of information I'm waiting on:-
Is the new Rentoid announcement/partnership, according to the quarterly their is infant a deal signed here, AWESOME!!! (My assumption is this has to do with the Mining equipment deal that was spoken about months ago).
and
The 3rd party license (which I believe is tied up with NSW government cars through a fleet manager).
What the quarterly tells us is the deals are officially signed and announcements are ready to be made pre-EGM, I would suggest they'll also be in the Investor presentation hence the delay.
These 2 announcements would send the SP to 4/5/6+ cents, a lot of upside here pre EGM.
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- Ann: Appendix 4C - June 2016 Quarterly Report-CL8.AX
Ann: Appendix 4C - June 2016 Quarterly Report-CL8.AX, page-15
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