RE: Foot note of todays RNS29 Jan 2018 22:46
I spotted that too TD. I particularly like the last line: “.....in line with the Company's stated objective to achieve improved financial performance in the NEAR term".
The RNS on the open offer (quoted below) was explicit about very little being invested in Geocurve, since acquisition.
“The Company also wishes to use some of the funds raised to invest in new UAV technology. The last 18 months of aggressive cost management have PREVENTED any investment other than essential maintainance. New UAV technology is urgently required to exploit new opportunities in the Survey and Inspection business areas, including specialised equipment to survey inside sealed structures such as storage tanks.
In addition, Geocurve also needs workflow management software to improve, streamline and speed up the process of managing the vast amounts of data that it processes on behalf of key customers.”
Basically a great potential growth area was starved of investment given we were in “survival mode”, and I expect this to change going forwards. Just my observations. DYOR. Good luck all