I believe the bond facilities and bank guarantees are used to...

I believe the bond facilities and bank guarantees are used to cover retentions, still money owing to the company but held as insurance by clients for 12 months after practical completion, this is common, I do it myself, as at 10% retention you have a lot of cash owed to you being held up, the iron bridge contract may have more then $10 million in retentions at completion. If you can continue operating and not get a bank guarantee it does give you a lovely little boost when it comes back, Anyway let’s see what happens, another $50 million contract will tick a few boxes, but in a materials and labour heavy sector, they have done extremely well compared to many of their peers, plus they are growing, they now have 700 staff, probably on short term contracts for IB so they will need to keep the wheels turning, an update on tender opportunities would be good.