mmm,Approximately $6 mil will be released from contractor...

mmm,

Approximately $6 mil will be released from contractor retentions, thus decreasing their bank overdraft to around $600,000. If they can secure additional bonding facilities to fund the new contracts,then this would reduce the cash-flow drain from increasing the size of their project book.

However, there will also be higher costs associated with the larger workforce, namely labour costs - cash-flow received from projects will likley lag during this scale-up. So there may be a case for a capital raising of approximately $10 million to fund us through this gap.