American Eco (ECGOF, ECX on Toronto exchange) Message Board

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Gold/Mining/Energy : American Eco (ECGOF, ECX on Toronto exchange)

ECX 1.685

+5.3%

10:54 AM EST

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To: B Pos who wrote (2630)	7/7/1998 1:04:00 PM
From: Hawkmoon	Read Replies (1) of 2841

There we go... and the backlog has increased tremendously so I still feel that the next 12-18 months going forward will certainly see a return to profitability to at least 1/2 the levels we are currently seeing. Booking $100 million with 20-30% margin over the next 12-18 months is nothing to sneeze at. And since the Sable Island project has the backing of the Canadian gov't, I don't see a reason not to expect this source of revenue or eanings to be in question. But let's face it, not having MM Industra actively working in May certainly impacted earnings significantly. But with this project, I don't see reason for a re-occurence of this idleness. And $345 million dollars in revenue over the next 12 months @ 10% margin (sheer WAG) would net $34.5 million in income/earnings. Don't think I'm wrong here... anyone else care to pipe in. (Still waiting for IR to call me back.) Regards, Ron

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