Fact is that cost cutting is top priority. The way it works is that companies will cut CAPEX and increase OPEX. Not that this makes any sense for the bottom line but it does for the books. So anything new will be scrapped, anything old will be kept alive.
Sure, I could be 100% wrong and the reason for the delays is nothing to worry about. There is however the past record of this company in regards to big deals that never eventuated. From that perspective we're at the same point we were before: Waiting for the big news. Maybe only to find out that there wasn't anything at all or just the usual small contracts that won't help it to become a profitable business.
I'm hopeful just as you are. Just concerned that the current market conditions will make it impossible for them to secure really big business.
NWT Price at posting:
0.3¢ Sentiment: Buy Disclosure: Not Held
