Another new contract. I think Cosol is a solid business and it’s on my watchlist. I’d like to pick it up a bit cheaper, but I will probably miss out. Good metrics in a good sector: Forecast ROE 21%, 50% reinvested income, PE 20, PB 3.1, PEG 0.9, EPS growth 22%, net debt on equity 22%. Have it returning c.11% returns at the current price and performance.

ASX Announcement

COSOL signs $17m contract to deliver asset management services to global leader in Copper and Gold mining

Brisbane, 11th July 2023 - COSOL Limited (ASX:COS) is pleased to announce it has signed a major contract to deliver Asset Management Services to OK Tedi Mining Limited, owner of one of the world’s biggest copper-and gold mines, based in Papua New Guinea.

The contract has a value of $17 million and will run for three years.

This contract extends and deepens the existing relationship, which has spanned almost two decades, delivering operational efficiencies and cost savings.

Under the contract, COSOL will deliver comprehensive, end-to-end Asset Management Services, leveraging the combination of COSOL’s proprietary software and services.

COSOL will generate major operational efficiencies, material cost savings, and assist the company in its drive to achieve zero waste in its operations and supply chains.

CEO Scott McGowan said “COSOL is delighted to solidify the long-term relationship and it is pleasing that we have again been entrusted by a leading asset intensive business to continue providing crucial asset management software and services to a global scale mining operation.”

Disc: Not held