bart etc, page-4

Re updates

Dont count the chickens before their hatched!!

Major revenue from this project (S.Fran.) is still years away.

The other major projects ERG has under construction will eat into any funds/loans they receive in the meantime.

Any real Profit is two/three/four years off from existing major projects, providing all goes to plan!

If Sydney is not resolved to suit ERG its debatable what problems the setback will cause for the Company (the backstop is Saville of course)and the consequences
of any court action that will prolong meaningful return to shareholders yet again. imo

Obviously the Company has management problems.

Smartercard