Mirish,The article started out well but petered out in the last...

Mirish,

The article started out well but petered out in the last paragraph-

"We believe ERG can build upon the progress achieved in the last financial year

.....and be seen in the market place as a company which can be relied upon to deliver outstanding solutions and services to customers in a timely fashion."
..............................

Have they ever reached a milestone on time, on budget with the major projects?

imo Reading the report it looks to me as if they have drawn down further on additional loan facilities provided.
I recall the interest on these loans gather interest around 10% pa

They will not be profitable at least until 2009...imo