RE:RE:RE:RE:LTE Canada Covid has work rate on the one city down roughly 50% of capacity. Ramp up on other 2 is moving along at expected rates. That being said they are working, and can increase production at every opportunity.
Numbers probably not the best in next release, but will progressively show improvement q on q till year end. And I personally see them offering very favourable guidance/updates.
I think by September (year end), you will be a very happy shareholder.
-Actually working on one contract with favourable pay as you go terms, and ramp up costs payed for. (all contracts like this)
-1 contract more than 1/2 way through ramp up
-1 contract accelerating ramp up with work starting end of May by my guess.
-added work to present contracts if able to do the work. (3000 houses to one job)
-No drawdown on credit facility yet.
-Very good chance of increases to work load via City Fibre (said 1.2 billion in contract offerings by mid summer)
-50 million outstanding and not many sellers left.
-30 million market cap with 53 million in confirmed revs
-Proven 29% gross margin in past jobs when allowed to work their pace.
-No Debt
-No major capex expected, without more work.