Greeasgrass, some quick points (late at night).
1. I think the negative news (and losses) from the NZ and Sunraysia contracts have now been fully absorbed - anything from either at this point is a bonus and they seem to have taken the lessons onboard.
2. The recent contract news is just an indication of things to come, there is a push for Govt infrastructure spending in the months ahead & iron ore prices are peaking again. At the same time they are right in saying their competitors are drying up (I used to follow RCR well before it folded).
3. Revenue guidance of $475-525M this year and return to profit from March and the COVID situation atm seems to support that.
4. NTA per share of 26c
5. The short term sale of Homeground appears to be on the cards and indications are (from The Australian) the price should be closer to the $85M book value.
6. Market cap of about $50M
The recent market activity on the back of the new deals shows that there is a lot of +ive sentiment around. GL and I bought in today.
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