Ann: Valmec Reports HY17 Sales and Earnings, page-5

I think Edshann has summed the position up well.
If they can deliver a $40m turnover in the second half and deliver a $1.2m pre-tax for the year then they have started to see the benefits of hanging in there during the tough times.
As for salaries and overheads, I am keen to see this years annual report with the constant talk of overheads on the decline. Bitten2many is right that they seem high, but that's the price you pay for hanging onto good guys in the oil & gas game. The major shareholders are the Chairman and NEDs which according to the last annual report were getting paid well under market at 60k and 40k respectively. They need for the share price to go up as well if they are to make any money out their efforts, hence why I'm hanging in there. I think 50c is dreaming but a decent result in line with their announcements for end of year may see a kicker. Fingers crossed.