Using my experimental "Rule of 40" screener I uncovered this little gem

But it looks like Andrew Ellison (Chris Ellison's brother) runs the show and also has significant business dealings with Min Res which @Bear77 has already covered here in earlier posts.

Probably explains why the share price has been trending down recently. My guess is that any conflict of interest uncovered with MinRes could impact RDG.

Just an aside - Siteminder did not appear in my experimental screener and hence my comment in the Siteminder straw. That's even after tweaking the revenue settings and ignoring margins - hmmm???

Maybe I'm doing something wrong when Siteminder doesn't appear but Resource Development Group shows up instead.

Snippet of today's announcement :

"Resource Development Group Ltd (RDG or Company), is pleased to announce that its wholly owned subsidiary, Central Systems Pty Ltd, has been awarded project work to the value of approximately $140m by Mineral Resources Limited subsidiary, CSI Mining Services on its Onslow Iron Project.

Work to be undertaken includes bridges/overpasses and approach roads, as well as concrete placement.

The project commercials were negotiated on an arm’s length basis with work to be completed by July 2024."

I find this particularly interesting as latest FY 23 annuals have rdg pulling $56m revenue. Digesting this news if there isn't an extra zero in that quoted project value work then $140m in revenue is a near tripling of annual revenue. This is in addition to ramping up Garnet operations which were not pulling any financial performance through June quarter.