Ann: US$2 million Contract Extension from US Department of Energy, page-22

Personally I think this contract extension is more positive than the market seems to rate it. On its own the work for the DOE is non-recurring and not big enough to seriously move the needle, but as a reference customer it's hard to think of one better for Pointerra. This provides significant credibility and undoubtedly helps open doors. Now we see them engaging with the Indonesian government for example - it wouldn't be surprising if this (and similar global opportunities) came on the back of the initial DOE contract, with the extension providing further validity.

Still a lot to prove, and the recent departures create some doubt, but on balance I feel more positive. The total cash receipts in the last 2 quarters were higher than the total of the previous 4, and in the Coffee Microcaps interview in mid November Ian flagged the December quarter would be good too. Their activity on Linkedin has been a lot stronger recently as well, which is only a small thing, but it gives a hint of momentum.