RE:RE:RE:RE:RE:RE:RE:RE:Subsea internet cable to link up Haida Gwaii15-20 million dollar contract with Actavo already. That alone, with any margin whatsoever makes a floor for the price. Plus admitted buildup and what was 17 million in cash with no debt. If they had have gotten traction of any sort other than Actavo, this would have stayed higher.
As it is, I’m still a significant holder. The actual dollars being spent in the UK alone over the next 5 years, and many contractors having been fired from Virgin, Carillion going broke, political demand, and people being needed to do the work make this, at the very least a good gamble based on “last man standing” principles. Oh, only company that has publically allowed to trench over 200 metres per day.
I would say a good investment but Mr. Market has proven me wrong so far. Hopefully a new CEO ( if one is coming? That ad?!!) will be able to sell the story that Dillon is creating.
The story hasn’t changed. They just need to convert. The stock sucks. The buisiness is sound imo.
BWB