They have previously stated there were business development activities in the region, but nothing has come of it to date.
...and why are we getting paid through an American company for the Chinese gas tank deal? Are we providing the nexcode system as sub-contractors to a bigger solution?
Not bothered about a delay to any potential African deal, but I am looking forward to the Vietnamese deal being announced. We have had a very long delay without any explanation about why this contract is 6 months late. In this respect, the company has dragged its feet a little.
I can understand given the flurry of activities that their PR management isn't a top priority, but I would like to see them give it more imporance as time passes.
ETC Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held