After the end of the quarter, the Company received a Notice of Claim from Sedgman for additional costs (A$11M) - Agreed, sounds worrying.
over and above those agreed under the Guaranteed Maximum Price contract that forms the basis for the construction of the Woodlawn Project. - Sounds less worrying: if guaranteed maximum price was overshot by contractor without being agreed on by the company how is that our problem?
The Company is currently assessing the claim however initial advice it has received is that it is without merit. - Sounds promising