Rambo23
The loss of Middlemount or RIO would/could send NWH to the wall. The win of a major contract could inject much needed revenue and possibly lead to a small profit.
The question is, do I add to my position now and lower my average cost with the anticipation of good news, do I sell at a 40% loss with the anticipation of less work/loss of contract or hold and wait for the business to improve and possible make a decent gain?
I would love to see NWH win the Perth rail contract and turn a profit again but If they don't they could be left with a lot of plant and equipment doing very little that is worth less than the debt held against it.
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