New business acquisition AM should be able to generate about $13 to $14 million in free cash flows this year, net of the regular dividend payout.
That should boost cash reserves to over $25 million by Q4/12.
Along with equity, thats a nice kitty to make an acquisition.
Or, perhaps more likely, their efforts are being directed towards securing new contract work.
Either way, the balance sheet will be ready for any type of new business.