Approx $80 million USD ($105 million AUD) received now out of approx $182 million USD ($238 million AUD) total. The construction stage in still in the beginning stages, probably around 18-20 months left of construction with some COVID delays thrown in.
There is still around $102 million USD ($133 million AUD) in payments due over this phase, but there will be similar outflows, as this project only has an 18% gross margin ($32.7 million USD).
What I will be looking for in 2023 is the possibility of winning an O&M contract on this project.
This is the type of recurring revenue the market likes and could be something in the range of $12 million USD a year for 20 years.
I have based my figures on the initial project win reports that had the Ivory Coast project valued at approx $182 million USD (€165 million euro).
Due to the strength of the Euro vs USD the project is now more valuable in USD with an approx $190 million USD value.
This is potentially better for us shareholders depending on the strength of the euro over the next 2 years and the timing of payments but will fluctuate.
- Forums
- ASX - By Stock
- Ann: Ivory Coast Milestone Reached and Next Payment Received
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Approx $80 million USD ($105 million AUD) received now out of...
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Last
5.7¢ |
Change
-0.001(1.72%) |
Mkt cap ! $61.86M |
Open | High | Low | Value | Volume |
5.8¢ | 5.8¢ | 5.4¢ | $1.436K | 25.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5488 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 16699 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5488 | 0.054 |
1 | 10000 | 0.052 |
2 | 110000 | 0.051 |
2 | 59100 | 0.050 |
1 | 12500 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 16699 | 1 |
0.058 | 112133 | 2 |
0.059 | 75000 | 1 |
0.060 | 102723 | 2 |
0.061 | 514816 | 2 |
Last trade - 15.59pm 25/07/2025 (20 minute delay) ? |
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