Big Drop today .022 See no news?, page-14

Your right, per the beachfront announcement @ South beach:

"

Development Application approval was received late 2016 and now the demolition and
preliminary site works permits have also been obtained, Centrals anticipate commencement
of site works in late March 2017. The re‐development of the site should be completed by​

September 2017 with the townhouse construction staged over the next 18 months.
"

So the work was already good to go. $27m contract value. Would you have any idea how and what sort of margin to apply to that? I don't think I could confidently predict a gross profit margin based off the existing financial reports as the work just varies. Sure, all construction, but mining vs townhouses to me seems like a slightly different kettle of fish.

The redevelopment of the site falls into Sept 2017, and then staged townhouse construction for 18 months following that. So it seems like revenue for this project will be circa 2018 and 2019 FY? I wonder if they will receive any money for the June 17 (2017 FY) year? I assume not?

In which case we may see some opportunities for buying in when they release what I assume will be a net loss come the annual financial report.

As for the WAHA - yes, appears I was confused and the development application lodged and awaiting approval was for this. It seems the contract for sale of the land operates on a deferred payment until the completion of the project - so no negative cashflow/capex requirements here.  HA undertaking to purchase several completed apartments also bodes well for presales.

Will have to watch this space for a) development application approval and b) presales.

Still waiting for some hope in regards to further work re: tendering. As mentioned above main worry is revenue for this 2nd half year. I think 2018/19 if these two projects go ahead, things should hold up. Perhaps a bumpy dip when the annual report comes out and they dip into a potential loss.