I stumped up again (I know "fool me one, fool me twice" scenario), however I am confident that there is a pathway forward with EMC's pipeline of potential work that will drive the revenue to profit.
I suspect that there will be a series of announcements like what we had at the start of the year and this will continue at a regular pace from now on.
I think MO mentioned around 200 million dollars of work in the pipeline already. Just think about that with 30 million already awarded in the last six months, we then ramp up to six times that.
The Western Energy tender for 60 new projects has just been announced. How long the tender process takes I am unsure of but at worst case we should see how much of this pie we get within six months.
The next quarterly will produce record revenue. Given our last quarter we had revenues of 1.9 million it will be north of that. Hopefully it's a big jump.
There is a lot to be positive about IMO.
CCE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
