Hi Jimmy,
Got a question for you. Today, when I look at the AGM slides, it shows a net loss compared to the last year but then also shows higher net cash from the last year. I am not sure how a company is making a loss but got higher cash reserve. Is it because they have payments coming from 2016's work or something like that?
Also, I am struggling to understand why all the infrastructure stocks are likely to benefit but FMG that is making metal that will be used in buildings is valued lower than what it has ever been.
I hope these questions are not too stupid!
Cheers,
Tabish
Ann: Company update and diversification strategy, page-15
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