And as a follow up to my previous post, isn't WHK's invoiced total of $3.4m for the 2021 calendar year "only" an 80% increase over the previous years revenue total of $1.9m?
Not the 180% increase they are stating in all of their announcements?
Maybe I have this wrong, but surely a 180% increase from revenue of $1.9m would mean they have achieved approximately $5.3m in revenue (which they clearly haven't).
As previously mentioned, I still hold here - as one of two large contracts can have a material effect on the bottom line of this business (due to their relatively high margins & small overheads), and this industry is growing strongly.
But they need to improve their communications to shareholders IMO.
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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