Work on hand is contracts entered into that they are working on and should be the value of the contracted work that is yet to be completed. ie future revenue which hasn't been booked and won't be until finished. Would include contracts that are party completed. Obviously it is gross amount and does not include expenses. The problem for Maca is the work on hand is not growing and a lot of it matures in the next 18 months. What happens afterwards is the issue atm.
MLD Price at posting:
85.5¢ Sentiment: Hold Disclosure: Not Held