Newmont finishes in December 31st, 2018 at the earliest, so will...

Newmont finishes in December 31st, 2018 at the earliest, so will only impact the second half FY19 results.

The presentation says Newmont is worth 16% of KPS' business by capacity installed (say 44MW of 278MW) and that KPS grew organically by 25MW this year. Over the next full year this recent growth should, then, roughly negate the loss of Newmont in the second half.

If this forecast is accurate, management are telling us that either Contract Power isn't worth the originally forecast $14-16m EBITDA, or that there will be virtually no further organic growth next year.