I like this :
"The contract value of the successful extension at Martabe and other recent contract awards in
FY23 total approximately $2.5 billion which exceeds Macmahon’s FY23 order book run off. As
a result, the Company is better positioned to strategically pursue low capital intensity
opportunities."
I interpret that as MAH won't be as desperate for contracts and can therefor price them at better margins.
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- Ann: Macmahon Extends Contract for the Martabe Gold Project
Ann: Macmahon Extends Contract for the Martabe Gold Project, page-4
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