freefall!!, page-7

Unfotunately thier are plenty of other mining services companies that far better placed and organised the VMG.
Basically they are being sqeezed - as thier work in hand decreases via completion, the lack of new contract wins is a major concern to the market. Why are they not winning contracts if they have pitched for over $2B of work ? How long do they keep thier workforce and on-going costs going whilst with no new work coming in. Could be worth a punt...at sub 20's in the hope of snagging a major contract.