Ann: MPS Contract Awarded , page-9

The Cathay contract was for 40,000m2 of coatings and was about $500,000 value. This one is for 40,000m2 of MPS system... surely that would be worth at least a similar amount and at higher margins? Also, there is the possibility it will end up being for the full 170,000m2 that requires waterproofing in the tunnel.

Going over the half year report, it looks to me to be a close run thing as to how much more capital they might require - it's tight as to what they'll need, but the amounts required don't seem too daunting. Though it might be some years before they can generate enough excess profit to justify a market cap over $10m.

It could be the timeliness of customer receipts and contract retention payments that could make the difference as to capital required.