USA fiscal year is from (Oct 1st - Sept 30th), so which...

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bangpo

113 Posts.

26/06/17

09:59

Post #: 25484367
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Originally posted by Espinsight ↑

Originally posted by Espinsight ↑

I see the Korean interest as significant for the obvious reasoning that it supports the longer term vision of both the company and the Koreans who clearly have approached us in our infancy in order to gain a strategic industrial advantage, albeit via a non-binding MOU at this stage.

In reviewing some recent announcements in order to look more near term though, it seems to me that it is worth noting that in the ASX announcement of 9th Feb this year, Greg Solomon reinforced that $US1.5b has been budgeted for by the Commissioner of the GDOT for the 2017 financial year (July 1st 2017 - June 30th 2018), which had been highlighted in the ASX announcement of Dec 8th 2016. GS states re this quote: "... gives a very good picture of Eden's primary market in Georgia for Edencrete" (end quote).

One could surmise, given specification based upon the proven nature of the product (after rigorace testing/trials) and the associated financial benefits recorded, that the timing of the increased production capacity might well coincide with the start of the next financial year when the $US 1.5b kicks in, maybe.

There are of course numerous other irons in the fire, as it were, including the prefab beams and other DOT's that have come on board possibly following suit, however based upon what has been announced to date Georgia could be where the nearer term interest might be, as I read things. All in my very humble opinion based upon my own research. Gltah.

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USA fiscal year is from (Oct 1st - Sept 30th), so which financial year are we following here?

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USA fiscal year is from (Oct 1st - Sept 30th), so which...

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