at what level can we expect the cap raise?, page-78

I don't see it that way Mike.

What I read of the Worley downgrade today suggests it was more due to the general malaise in the resource sector where it earns most of its money.

But Forge are yet to feel the full brunt of the slowdown in mining services. They had diversified their revenue nicely with the purchases of CTEC and Taggart.

Their problems are stemming from mismanagement of specific projects in the one area of their business. That's as far as I can tell, given the limited visibility we have at the moment.

That's a far cry from what Worley reported today.

Correct me if I'm wrong, but the loss of Dugald Creek was the only major disappointment FGE shareholders have had to stomach due to general sector issues. That makes the current situation all the more unpalatable as far as I'm concerned. I only remained a shareholder because I thought they were traversing the difficult sector terrain seemingly with their growth story intact.

Then along comes this.