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The Prince

381 Posts.

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11/09/17

20:27

Post #: 27140121
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Originally posted by edshann ↑

Hi Mickem

Yes agreed, that implies $2.7 million from China so far (presumably several small orders). I was just saying they had not yet signed any large China orders, not that there were none at all.

Presumably the $2 million tender for non-China is in the $7 million which will be finalised in the next few months leaving around another $5 million in China to be finalised shortly. China would then be getting bigger than the rest of business combined ($7.7 million compared to $6.5 million).

That suggests most of the $14 million in the nine projects in advanced stages is also in China. There would not seem to be much outside China in the $21 million yet to come category if I am reading the numbers right. I wonder if there is upside there, as most non-Chinese orders tend to be small and may have shorter lead times.

I assume they will announce large orders as they are signed so we get an idea of how things are going in China between quarterlies.

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Did you guys get an update today in regards to the revised Graham Newing report ??
I have received confirmation that there have been $ 7 M in signed deals with another $ 7 expected to be contracted by end of year.

PHK Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
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