Ann: Centrals Awarded Beachfront Property Development Project, page-4

Hi Damo,

Good spot with the connection. I haven't looked into it but that's the sort of info worth pointing out. I agree, probably abit of a conflict of interest - fine if they are commercially agreeing on terms, that way one company gets things done, and his other role (RDG) is kept in work, as opposed to the money going to another 3rd party. Can't argue with that.

THe way the announcement is worded I would have thought the total contract value to Centrals (RDG) is $27m, and is not the end value of the project which will then be divvied up.

I can only imagine for over 1m per property to build, these must be 1.5m or so townhouses, and that they are demolishing, and building the actual townhouses.

Wouldn't surprise given they built some housing already in recent times, so seems their expertise stretches there. More keen to hear that they've won their bread and butter tenders for mining however.

Might watch this one like you said until more is clear, or a nother revnue stream opens up.