ABK - i have to agree with Damo. I wasnt aware that Maldives is...

ABK - i have to agree with Damo. I wasnt aware that Maldives is up and running. My understanding is that cabinet has cleared the corruption allegations althought the ACC may not have. i am not sure which body prevails. At this stage it is still going ahead and wont take long to put in (Malaysia took 2 months and Maldives is much smaller job). Maldives can only generate $5m in revenue.

Morley - what NBS can earn - thats the $m question (excuse the pun). I suspect it will be substantial and can easily justify higher share price but no guarantee. 2m+ legal foreign workers and potentially a lot more form the amnesty. I think the original deal was 30 Ringit/worker (US$9) but (according to press) NBS gets US$15-16 per foreign worker in Maldives so thats a lot of revenue if malaysia the same. Not sure about $$$ for Malaysia border control. Cant imagine it will be the same as Maldives (US$2 per entry and $2/exit) as Malaysia has large numbers due to singapore border and weekend crossings. Im happy to hold at 10c as I believe the eanrings from Malaysia alone will support. But this is my own view (i dont want to be accused of ramping - not that i could) and as I said we are dealing with uncertainties. I also think that China which is now approved should lift value further.

so long as they get paid of course.