Maca seems quite cheap at these prices.. Their projected income for fy16 was just over 400m, even though last year was just over 500m. They have secured a few new contracts, and more diverse contracts than just iron ore. Moving into gold and seems lots more civil work. Employment has increased, is there any reason they won't be paying a good dividend again this quarter??.
They were supposed to take a haircut whenever e iron ore price went below $45 a tonne on the atlas sights, and it is and has been for a few months now.. How much will this effect their income?
Besides everything being sold on the market is there any other reason for the sell of??
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