Ann: Full Year Statutory Accounts, page-21

Hi Pb ..... I thought (for some not illogical some reason ) you would be target

I was wondering if you or anyone else could explain why Golding is valued at $85 million but the ‘net acquisition cost’ was $74.3 million.
But I lost the post so am having to remember it .

It was mainly about the word ‘transparency ‘ you used after the June update and how excellent a word it is

To support this I found research from ‘The Bull’ from last November saying the company had already flagged the increase in order book -to potentially $1.4 billion
“NRW management claims the addition of Queensland based Golding could increase the company’s total order book to as much as $1.4 billion.”
http://www.thebull.com.au/premium/a/70696-engineering-and-construction-stocks-on-a-roll.html
We are under this amount but I assume that is due less to bad maths or unreasonable expectation on Management’s side and more to the delays from the big miners in rolling out their contracts.
That’s a pretty impressive understanding of the market and NRW and Golding’s potential in it
Reassuring .