Ann: AGM Presentation, page-6

"Not sure if they should sell any more equipment."

@Nightmarez3k ,

Now that they are out of "financial purgatory", I think that what we will see is the exact opposite.

Expect a reaching out for the corporate chequebook to invest back into the fleet over the next few years.

While expenditure on PP&E has averaged around $3m pa over the past few years while the balance sheet was being repaired, watch that figure get ratcheted up dramatically over the next 2 years.

I fully expect it to be running in excess of $10m by this time next year, as management spends up to "position the business for the next boom" (or some justification along that line).

(And when that next boom comes unstuck, they'll again be left with a lot of debt and no work to service that debt and assets will need to be flogged off in a hurry again to keep the creditors at bay again, and so the cycle will repeat itself.

But that's a worry to be had in, maybe, 2020.

Until then, I can feel the party just starting to kick off...)