Hi all
Being a great start to the year
My question if anyone can shed some light. The agm presention said $6.3m china contracts (plural) signed and $5m to be signed in the 3rd quarter. With the project we know about in china stage 1 was approx $5m and sounded like stage 2 was approx same size, so I'm taking it as stage 1 is in the $6.3m and stage 2 is the $5m being signed this quarter. Where's the other $1.3m come into it ? . Contract signed but no details. Am I on the right track with my thinking. Any ideas ? Could this extra $1.3m be a added surprise in the last quarters figures ?
Last quarter my way of thinking is ( sales not cash receipts) china $5m , lac bromont $600k, poland $400 k, Brazil plus any small applications in Europe and sepro order $500k so about $6.5m total. The company's cash flow projections for last quarter was $2.7m expect this to increase because of volume of work being done but if this comes in around $5 m , could be the start of nice profits starting to flow though. Not taking into account this $1.3m I can't work out
If stage 2 in china is due to start in February, with the china new year approaching, wonder if we will get this announcement before the new year, if so might be announced within the next week. Only speculation on my part of course but would be nice to find out more details. Have also noticed resently we have been seeing you tube clips on the application ie lac bromont and goldap hope we start getting some on the china projects. Would be intresting to see.
Thanks
Mickem
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