Hola Nearmappers
The meeting got a little bogged down with questions over remuneration and the Chairman waffling on but when Newmo finally came on he was in fine form. Really positive growth projections, mostly attributable to H2 due to timing.
New Director Tracey Horton has considerable takeover experience and the Chairman dropped his T bomb experience also during his re-election pitch. Perhaps getting things ready for a possible approach...
AI presentation afterwards very informative - while Propellar heads are still in Beta testing phase, Newmo mentioned some very promising demand coming from the existing customer base.
All up another great year done and another promising one ahead. Got the impression from Patrick Quigly there is no appetite for pushing hard into Asia or Europe, more interested in nailing the US market - 15X Aus.
We also received assurances that NEA not exposed to recent US IP litigation win for Eagleview.
Cheers Nacho
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