more contracts, page-5

Hilldweller and Paul, you have both done well, and will do a lot better in the next 18 months. Of course, that's a long time for a HC stock, and means that RDF will never interest all those who read this forum.

Nevertheless, there are strong reasons for saying that they are likely to triple their revenues between now and the end of calendar 04. This would mean they would be earning at a 20c per share annual rate. A modest PE of 10 would price the shares at $2. Barring a total meltdown in the world economic order, downside risk is very low (Contracts are mainly with US cities, and extend out for five years or more).

Nice to see someone look like they are about to make real money, instead of just paper-shuffling.

Prime