Interesting business but some large capex for the last few years...

Interesting business but some large capex for the last few years without any proportional increases to revenue. I think the move from mining/energy sector (Where it appears to work well) to retirement/hospitality may be the key to this becoming a success - I'd be concerned that these sectors have more ready access to competing service providers compared to a mining camp in the middle of nowhere.

Also I'm not really happy about what appears to be a misleading ann from 28/1/16 about the group advancing into the hotel sector. The township the contract relates to seems to be entirely owned by an energy company, Snowy Hydro.

I'll keep this on watch until they start diversifying their customer base.