Ann: VALMEC BOLSTERS ORDERBOOK WITH A FURTHER $25M IN CONTRACTS, page-2

So the work in hand order book will be around $60 million at the start of 2019 after adding $25 million in these announcements. (Presumably that ignores the extra $10 million in the out year from the Origin extension?) Only thing is the order book and preferred contractor extensions was $65 million at 31 October according to the AGM presentation.

We still do not know what revenue was in the first half. If they are doing $30 million a quarter as this announcement (perhaps) implies then great. However rather than having to guess by reading the tea leaves it would nice just to be told revenue year to date and the work in hand for the rest of the year.

It is hardly surprising the market reaction was a yawn. We do not know for sure how the company is travelling.