Despite not having a cult following on HC (which is another reason I like this stock), the announcement certainly seems to have been noticed. Share price is looking to open 17% higher.
~$2.60 is where the share price was in September in anticipation for a FTTx contract.
It then fell further with Ophir selling and with the delay in news.
If the SP closed at $2.60 yesterday, this announcement would still earn a 15-20% jump.
If Management can also talk about some near term goals at the AGM, this should close in the higher range of $2.
Ann: NTC To Supply DPU's for nbn's Fibre to the Curb Project, page-9
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