DJ1, The first quarter was budgeted to be slow - it performed above budgeted expectations as per the quarterly report. Look at the growth in employee numbers, the growth in the order book and you can quite easily see that revenue will be substantially higher in the next three quarters than the current one.
Forecast is for $150 mil revenue for the year - I believe the following will be the split
Allmine Maintenance (inc Maxx + Godfrey's) - in 2011 these groups achieved approximately $35 mil, I forecast $40 mil for 2012
CIA (50% owned) - Forecasting revenues of $100 mil for 2012 - Allmines share is $50 mil
Arccon Engineering - Forecasting revenue of $50 mil for 2012 - this division achieved approx $52.5 million in 2011.
Total group revenue of $140 million - with upside to these forecasts. Arccon engineering could easily exceed these figures given a preferred contractor status on $300 million worth of projects.
AZG Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held