32m is decent size contract for VMG. Order book looking strong with more wins to come soon. Waaay oversold IMO.
Perth, 19 December 2008:
VDM Group Limited (ASX:VMG) wholly owned subsidiary, Wylie
and Skene Pty Ltd, has been awarded a $32 million contract by The Attorney-Generals’Department (AGD) to develop new freight handling and passenger transport facilities on the
Cocos (Keeling) Islands. The development which will accommodate the medium and longterm passenger and freight demands of the Cocos Islands is to be located at Rumah Baru on the West Island. Construction on site will begin early 2009 and will be completed by March 2010.
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