I think there is little doubt MCE produce a top quality product. The management has probably learnt a lesson and will most likely try to restore their pride. Its really a perfect storm coming but in a good way. The 20% drop in the AUD $ will pretty much go straight to the bottom line. Watch the next report and, above all, the one for the full FY. As we all know the Saudis can change the oil price over night and MCE has 140 million of work locked in. They were cashflow positive last FY and you can probably figure out what a closer to 15-30 million revenue increase (in AUD) will do given they wont have to lay an awful lot of money achieving said gain (revenue was 150-160 million with a high AUD). If anything is flying under the radar atm it would be MCE. You saw it here first.
