Thymus,I have gone back to the drawing board to check the...

Thymus,

I have gone back to the drawing board to check the accuracy of my statments and can make the following additions to my comments.

The company predicted on boardroom radio on 4/12/7 that they would have a book of value of around 5Mln pounds or 10.7 Aus dollars by Jan 08. So slight correction there, the are about 2 Million off their prediction. They also predict to be cash flow positive by June 08.

In my limited understanding of accounting, this would mean their revenue matches their total costs. So given they have a cash burn rate of 2.5 million p.a that would mean they need project revenue of more than 2.5 million to be cash flow positive ??? corect me i am wrong here. Given the potential tenders they have, if 50% successful at 50% profit they have their 2 million already, so they have almost already achieved cash flow positive status (once the tenders are successful).

I understand your "are you on lsd" comments ;) lol mind you i am not a big fan of drugs at all actually
you probably think i am a dreamer, but here are some more details you asked for

The Gammon contractors (is a member of the Balfour Beatty Group a current licensee of HTI.) are building the Hong Kong Government headquarters project at Tamor. These works are estimated to cost about 5Billion HK$ and will be built on harbour landfill. They they need water ingress protection and Gammon contractors are considering using MPS in all their Tamor works. I estimated that there will be about 800M worth of foundation water protection works, and HTI is due their 20%, thats 160M

based on our previous calculations (84 million profit is $2.80 SP) then 160 M should safely secure a share price of $5

cheers
JH