at what level can we expect the cap raise?, page-39

no worries Timee.

i do feel for holders. so many of these have been , as Camdens post shows , sold as blue chip and safe.

contracting business is hard. margins in wa have been well above historically averages and everyone believed it would continue forever.

the best and most successful contractors i have ever dealt with have been non public company entities. the owners usually have an intimate knowledge of the business and have their own nuts on the line ( only one close that is public is MIN ). once they go public they lose something ( brierty is a good example , as is malavoca once VDM bought it) . that in my opinion is all the extra crap being a public company brings ( governance and associated BS ) when these guys are used to being nimble and getting the job done at a profit.

as you say, time will tell.

Baraka