Took a starter position today. Looks like a great mid/long term prospect.
Out of interest, how did you derive the $1.58m income the EPC contract for Blue Lake, and then the $1.2m and $1.58m income for Pioneer? What isn't clear to me is how the Company account for these contracts on the P&L ($7.6m for Blue Lakes and $10.4m for Pioneer)? Are these paid upfront, in instalments, or at the conclusion of the contract?
Ann: DEVO Project - Final Investment Decision, page-66
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