10.6 mil Solomon Iron Ore dining facilities from FMG.
This is really better than no work. But if one ask: How much margin we are making here? and how many more project we need to secure in order to break even for the year?
Well, look no more than the recent annual report.
It would be very poor and incompetant management if NOD secure contract with low or even no margin just for the sake to get by the cash flow.
Concerned shareholder should ring the MD up and clarify whther NOD can break even this financial year or they need more hard earn cash from shareholder this year to pay their big fat cheque.
Cheers and hope NOD secure more fruitful project in near term!
NOD Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held