Certainly the language of BRR was reassuring. There was no suggestion of funding concerns in fact it became obvious with late payment from some customers and things skewed to the second half of the year that it was far more positive than most people seem to give credit to. I think a projected price target of $1.18 is conservative - it wasn't that long ago that the price nudged into the $1.30's with less substance behind the company than there is now. It's relieving that management has learned valuable lessons on bidding for contracts against foreign bidders. Being all Australian should give ASG a huge foot in the door in any negotiation - let's hope they can capitalise on this.
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