forward looking balance sheet

Margins: being squeezed with substantial reduction in half, even if we can add back the TDK provision (assuming its in the contract labour costs in P&L) ... if the provision is not in there then things are way worse than I thought. Competition fierce up there as Waievo has noted.
Imports: Any construction eng. will be purchasing dongas etc offshore with this aussie dollar strength.
Bank: In default of covenants and bank will take a lot of convinveing re next forecast.
Maintenance: Surely the rental fleet takes some maintenance ?
Unknowns: with so many execs having left they will still be filtering through to MB and Co.
Tender prequalification: doubtful based on financial position that NOD would qualify for a lot of work.
Inventory levels sustainable ?
All above adds up to cash drain.
You have to think they either sell businesses (most of which have been written down or are subject to comments as above)or do another discounted raise at say 6.5cents for another $10M, which may well become the share price going forward.