As my wife says "they are Chinese Greengrocers".
They manufacture rigs for the booming commodity market and per their presentation I refered to earlier, 25% of revenue is from the Nickel industry related, 25% Copper, 25% Gold, and the other 25% Manganese,Coal, Bauxite , and Lead and Zinc...
Could not agree more with "Just a Mum". If you read the presentation to the AGM on 19 Nov, available from their web site, you will see they are forecasting a doubling of revenue from $40m to $80m, strong Balance Sheet, and excellent flow of work.
To my mind they are a cheap buy at...
Having had the hype on this thread here about the AGM,there was nothing new on the PDF, the financial projections have been repeated from other presentations, as well as the "potential" work out there. Of course that has to be won, and there are other players. Very little on financial...
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