RE: VERY STRONG BUY12 Feb 2018 20:57
Certainly is Tgrus, sure enough the Mcap will reflect fair value once the NYW project re starts to completion.
I'm very positive that this will come good and see this as a great entry position for new investors,after all it's all about timing and certainly at this level which is hugely discounted to investment spend,potentially will net investors really good returns.
As Dan said with the AB contractor announcement that will be the game changer,so it's patience for holders but again lucky for new investors to buy in at these levels.
The Texas wheel is in the development stage with �300 K invested recently by Challenger,through a �1M convertible loan note,that cannot be converted for at least 120 days then at most at max conversion of �200k per month.
Listening to Mark he sounds very excited on this new wheel and looks like he's going to invest the additional �700K later this year.
So in summary $3M invested in the NYW,and currently �300K in the EOT.
I suspect news on the American Bridge contract to complete the NYW will come quite quickly ,at any time really,that's going to be the initial driver for recovery here.
So at 0.5p limited downside but realistically great upside.
Atb