Ann: New Large Project in Wuhan, China, page-95

Spot on. That's a factor as to why the SP hasn't moved after this announcement. From a valuation perspective, even if they hit their revenue forecast of $30m for FY19 the company will be trading at a >25x psr multiple off the current MC. Many would say that's pretty high for a company that only turned NPAT of $1m for the half year. But on the flipside, if they do hit their forecast and the FY20 forecast is ambitious then this could take off yet again.