Great to finally see a contract land. Funny that it was barely a...

Great to finally see a contract land. Funny that it was barely a few sentences long.. typical RDG!

Word of caution though. As some of you posted, the cash backing look sgreat. looked great at 4c.... but the drop is largely due to the fact that on paper, if you comb back one, two years, the financial reflected a much larger order book and the cash backing and cash generation was great, however as we found out this slowly reduced until the last financials finally showed eroson on the cash /profitability front (When you strip out various one offs etc).

Hence the share price trended towards 1c as the main thing going for this was the cash backing and profitability holding up, but when reality set in that work/contracts weren't coming in.

Now it's early days, but the MIN contract does provide a good catalyst to expect further contract wins. I am still tempted to wait for a second contract. They've been playing int he residential construction space to bide their time, but i hope this MIN contract will provide the impetus to stop cash burn that started to creep in last financials.

It really depends how bullish you are on contract wins as the cash backing can seem like a steal currently if so. Years ago revenue was from memory close to 50+million, 80 million? so yes, it has 'changed' quite a bit from the old days, so drawing historical price comparisons is also quite pointless.

can't comment much on management as im not too familiar but as some have pointed out the credentials sound good. the problem i find is you literally hear nothing from the company for a whole year (easily seen in their announcements) haha.