Am concerned about Macmahon. They’ve had some projects that they have performed terribly on. Gwalia being the most obvious. They sign long term contracts, then can’t afford to pay quality staff as wage inflation has occurred. At Gwalia, they had massive issues with machinery avaliablility due to not being able to attract diesel mechanics and auto sparkles to fix there machines. Am a bit concerned a similar pattern is emerging here….
Ann: Investor Webinar Presentation, page-56
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