specvestor,
thanks for the effort you have put in trying to clarify those pipeline figures.
Yes to present them in a cumulative format could be quite misleading, probably meant to be.
After a few reads I am still having trouble marrying together the given information, that is :-
"7 high probability major near-term contract wins worth A$200m"
and say stage 5 :-
" 62 projects for $218 million (40%)"
or even stage 6 :-
" 69 projects for $350 million (30%)"
Even at stage 6 (30%) after the 7 for $200 million that only leaves 62 contracts averaging about $2.4 million.
Surely "high probability" would be in excess of even 50%?
regards, EB
specvestor,thanks for the effort you have put in trying to...
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