Dear MavApologies, its me that has been busy with the morning...

Dear Mav

Apologies, its me that has been busy with the morning teas and holidays. I didn't speak to Andrew Broad but a fellow shareholder I know very well did. The key points that came out were:

a)they are still paying down debt and are not going to go to the market any time soon for a capital raising.
b)he was upfront about the delays in awarding contracts saying there is a huge amount of work tendered for over the next few years but as to the time frame for awarding/commencement its impossible to say.
c)He is very approachable and appreciates feedback from shareholders.
d)The board have a new monkey..sorry CEO..lined up and are in the process of confirming that person for the job.
In conclusion its was about toughing it out until some contracts are awarded. With signs of business investment picking up hopefully that's sooner than later.

Betio