The only concern is that the delay of the new deals is because of the financial crisis. If this is in relation to mining companies, then they may have cut back on cost, scrapping plans to upgrade their communication networks. We're not getting any good news out of this sector atm. So I wouldn't be surprised to hear that certain deals are a no go.
From a business point of view it looks better than it ever has. I just hope the timing isn't going to wreck their plans.I also have to say that the few contracts so far are too small to make an impact on the bottom line. They'd need a serious multimillion dollar deal that's worth more than 2 million bucks over 100 years.
NWT Price at posting:
15.0¢ Sentiment: Buy Disclosure: Not Held
